In this week’s episode, the guys share what they’re doing to invest the extra cash they have in their portfolios. It can be so easy to get caught in the fix-and-flip hustle, but the real gold lies in rental properties that are cash-flow positive. They also talk about what they plan to do if they see another market crash, and how they’re tweaking their portfolios right now so that they are still in the green when it does happen.

 

Key Takeaways:

• How does Ryan invest his extra cash?
• At some point in life, you have to have money to make more money.
• Saving is critical and in order for you to do that, you have to live below your means.
• Jon started with $100K. Ryan says $50K is a good starting point.
• Gabe started with $0. It’s a lot harder and you have to do everything you can to be more resourceful.
• Jon shares his advice on how to start investing wisely.
• Okay, you lived below your means and you have some cash now. What do you do with all this extra cash?
• Here are some money traps you can fall into if you’re not careful. For example, fixing and flipping.
• Gave shares tax strategies he wished he knew about five years ago.
• There’s money out there from private investors that you won’t find from private institutions.
• Jon shares how he got started on one of his very first deals.
• It helps a lot to keep your full-time job and do this on the side. There are a lot of variables that can happen and that extra income will always come in handy.
• Everybody’s chasing this seven-figure wholesaling business, but why?
• Ryan did things smart in the beginning. He bought all he could in rentals.
• No one really knows when the market will crash.
• There will always be rental deals in any market cycle.
• Ryan understands that cash is king, especially when the market crashes. He wants not to suffer along with it.
• Gabe shares what he’s noticed in people who tend to be the most financially successful in real estate.
• Why is Jon interested in buying mobile home parks?

 

Resources:

Freedomblueprintshow.com