Wealth Isn’t Just About Cashflow
Everyone talks about cashflow: “Get enough rentals with $200 monthly income, and you’re set!” But here’s the truth—focusing only on cashflow can lead to common mistakes that hold you back. One big mistake? Going for the cheapest properties just for quick cash. They often come with high maintenance and turnover. I’ve been there—the real gains happen when you invest in better properties in solid neighborhoods, where value appreciates and income stays steady. Turnkey rentals also seem like an easy choice, but that convenience comes with a premium. Providers often charge more, slowing your path to real wealth. So, where’s the real wealth? Appreciation. Choose properties in growing markets, and they’ll increase in value, giving you leverage to buy more. Imagine pulling $100K from one property to reinvest—boosting both cashflow and long-term wealth. Forced appreciation is key too. Using strategies like BRRRR (Buy, Rehab, Rent, Refinance, Repeat), I create value instantly..For instance, we acquired 30 units for $470K, put in $1.4M, and now it’s valued at $4.7M. Cashflow is great, but true wealth is built by creating value. What strategies have worked best for you in building wealth through real estate? Share below.