Flip Tip Summary
Most were taught wrong from a very young age about how to plan for retirement, and self-serving wall street has done a lot of damage as well. Veteran real estate investor Lou Brown shares this FlipNerd.com VIP Flip Tip on the importance of building a rental property portfolio of cash flowing assets to prepare for your retirement. Don’t miss this great tip!
Flip Tip Transcript:
Mike: Hey, it’s Mike Hambright from FlipNerd.com and we have a quick VIP Flip Tip to share with you from veteran real estate investor Lou Brown, who’s going to talk about the importance of building a rental portfolio towards your retirement.
Lou: Hey, guys. I just wanted to share with you that now is the time to buy as much property as you possibly can. You know, I’ve been buying, selling, and holding property for 30 years and one of the things I learned early on is that you should buy and hold property, as well as buying and selling property.
So, one of the things I recommend that you start with is an idea, a goal, of having a plan to have at least 20 free and clear properties. That doesn’t mean they’re going to start free and clear! You’re going to pay down, pay down, and pay off the mortgages, and eventually end up with free and clear property. Yeah, baby!
Mike: Thank you for joining us for another FlipNerd Flip Tip.
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Mike: Please note the views and opinions expressed by the individuals in this program do not necessarily reflect those of FlipNerd.com or any of its partners, advertisers or affiliates. Please consult professionals before making any investment or tax decisions, as real estate investing can be risky.