June 30th, 2022 10:09 PM by Eric Willner
Radio Show Notes 6/30/22 Thursday:
Read a summary of the show below or
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Radio Show Notes 06.30.22 Thursday ATM Edition-
Does Real Estate Bring Happiness? Yes – Happiness By The Numbers
By Eric Willner, Host of The Real Estate Show, America’s longest running daily radio show about real estate.
The Real Estate Show Thursday “ATM Edition” or “About The Money is where Eric Willner methodically talks dollars and sense.
What is happiness anyway? What is this elusive thing we call happiness and that most people spend there are lives chasing? I know that financial freedom is often one of the definitions, or at least one of the main factors. That often being the case, when it comes to financial freedom, there are few investments more reliable or simpler for that matter than real estate.
Real Estate is actually largely about the Math. It’s a fact, and the numbers don’t lie. Successful Real Estate Investors know this.
Today, we go over a simple and Seif approach, using income producing real estate to secure financial freedom, regardless of our chosen profession. At the end of the day it's just math.
“Retirement is not the end of the road. It is the beginning of the open highway!
In todays’ show we covered the following highlights:
The concept is simple and based on a few basic assumptions:
-instead of renting, by your first house, preferably as soon as you become gainfully employed.
-purchase and entry level home (in our example a $100,000 house) using readily available financing, you won't put anymore money down thanfirst last and security on a rental.
- in our example we spaced purchasing a new house apart every two years. This is where you repeat the process of putting down approximately first last and security equivalent on an average or entry level house. Then renting out the last one at approximately 1% of market value.
-the real estate market appreciates on average 5% per year over the long term.
-by the 20th year you will own 10 houses which will have appreciated 5% per year two $235,794. Those ten houses total $2.4 million in real estate owned.
-based on the 1% rule, these ten houses will be grossing $2357 per month or two $28,295 per year, EACH HOUSE. Your total revenues are now $282,000 per year on the 10 properties. Some of these houses, the earlier ones are nearly half paid off.
-at this point, you would have enough money to retire on cash flow alone. However, you could also consider selling off some of the houses to pay off the other ones so you would have some free and clear income as well. I would suggest that this 20 year plan, that allows you to continue to do the occupation or profession that you love, is much better than the 40- 40- 40 grind most people experience in their careers. This all thanks to real estate!
Would you like a custom tailored plan like this designed around your current lifestyle and your current profession and see how fast you can retire AND LIVE happy EVER AFTER?
To learn more, listen to this week’s daily edition of the Real Estate Show and Learn why The Real Estate Show is where more investors are turning to every weekday evening at 5pm EST.
Also find out why real estate will be one of the best places, and least risky places to put your money going forward. But you better know how.
Finally, do not panic, stay informed, and use your best judgment. The situation is rapidly changing, so focus on putting policies and procedures in place to keep your perspective.
Listen to the show live or the archived version in its entirety for all the tips, facts and ideas discussed today.
Want more? If you are serious about real estate and paying off debt, then find out more on today and every day’s episodes and learn more about Real Estate Investing and learn HOW TO by listening to The Real Estate Show with Eric Willner. The Show is Live every weekday morning at 9 o’clock (EST) on Florida’s Money Talk Radio station WSBR: AM 1470, FM 95.3, and FM 96.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook.
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Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.
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