“Take 15% of his income out, approximately $15,000 out of the equation per year, and we’re going to live on that.”
♫
Said on The Ramsey Show
“I don't mind investing in like the worst part of the city because that's where I get the cheapest deals… buy for $5,000, $10,000, $15,000, put money into them and rent them out for a solid rental income”
WSJ What’s News · Rising Borrowing Costs Threaten the Wall Street Party
Play from 5:00
5:00
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What was described
buy extremely low-priced distressed homes for $5,000-$15,000, renovate them, and rent them out for solid rental income
$5,000, $10,000, $15,000
Said nearby on the same subject
“I went to them and said, can I bring my company inside your company and I will pay you a percentage of sales. And they agreed to it. And I used to pay them 5%. So in 2012, I paid them $10,000 in rent. We got up to like 500,000, I think in 13, something like that.”
RT
Rick Tremor
Real Business Owners ·
“We use $200,000 to pay down the home loan… then we take out a $200,000 loan and use that to invest… that $200,000 loan becomes tax deductible”
AG
Aidan Gullman
Financial Autonomy ·
“I bought it for $8,000... I put in $4,000 worth of work and then I rented it out for $600 a month.”
JS
Jaspreet Singh
Afford Anything | Get Smarter With Money ·
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