One of the most powerful wealth building methods is rental real estate. That’s why it’s so important to understand your retirement number, which we call the Freedom Number.
If you’re wondering how many rental houses you need to replace your income or retire, this video will help you determine that. On this episode of Investing in Real Estate, I’m laying out a viable road to financial freedom through real estate investing.
On this episode you’ll learn:
- The first thing you need to assess to find your Freedom Number.
- A tool you can use to run your exact numbers.
- And much more!
The First Thing You Need to Assess to Find Your Freedom Number
The first thing you need to get a handle on is your monthly expenses. Take a good look at six months of expenses in order to determine an average of the money you need every month to live comfortably. This helps you determine how much money you need to replace with passive income.
A Tool You Can Use to Run Your Exact Numbers
Go to morrisinvest.com/freedom to download a free PDF that can help you calculate and understand your exact numbers, including how many rental properties you would need to retire.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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