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.
Episode Resources
Book a Call with Our Team
Download the Freedom Cheat Sheet
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook
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.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.
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