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Real Estate Investors Group | Real Estate Insights Newsletter
Julian Castle
July 01, 2023
No. 1 – July 1st, 2023 – By Julian Castle @juliancastleofficial
Top post of the week:
Somebody posted that “rentals never make you rich” and we got a ton of engagement on this thread. Here are some of the top responses:
I’m a CPA servicing real estate investors and can confirm rentals made many investors millions (equity from appreciation) over the past 10 years.
Never!! If you have say 2,000 units all at $1200 a month that’s $2.4M a month even if you have to pay mortgages, taxes and insurance say for the example totaling $2M you still clear over $300k a month.
If that’s not good passive income than I don’t want to play monopoly any more 😂
That is untrue. Rentals give you income and the appreciation over time gives you multiple returns. Buy and hold, then buy and hold a second one, then repeat, repeat, repeat and so on.
I started 12 years ago doing it.
I won't boast about where I am financially, but believe me… Real Estate holdings will make you rich with consistency and patience.
Top podcast of the week:
The Land Geek Suddenly Lose’s Everything, What Would He Do?
It’s one of those lines we throw out casually: “I want to have ‘financial freedom’…” whether it’s with friends, with family, with your kids, or with yourself. Mark has truly achieved that, he works 15 minutes a day and makes $100k+/mo
In this podcast Mark & I talk about what it takes to get to start land investing
What you’ll learn
Why to consider land investing
How to get started
Why operationalizing your business is important
Plus More…
Reply and tell me what you like and didn’t like (it’s RAW).
Top deal of the week:
5-Unit Multifamily in Smithfield, VA
I ask for deals every Monday and so I had a subscriber reach out to me about a 5-unit he wants to sell in Smithfield, VA It’s:
Occupancy: 100%
Gross Rents: $76,800
Expenses are: $25,000
Cashflow: $51,800
Price: $630k (Including fee)
Reply if you want more information.