Today, Andy McFarland expresses to us why buying and holding can be the gift that keeps on giving.
Find out more about having passive income and why it’s so beneficial.
Mike: Welcome back to the FlipNerd.com REI Classroom, where experts from across the real estate investing industry teach you quick lessons to take your business to the next level. And now, let’s meet today’s expert host.
Andy: Hey everyone, my name is Andy McFarland. I’m going to be your host today for the REI Classroom. And today we’re going to be talk about “The Gift that Keeps on Giving.”
Mike: This REI Classroom real estate lesson is sponsored by virtualstaffnow.com.
Andy: Now I know a lot of you guys are active real estate investors. That means you buy properties, and fix them and sell them or you wholesale properties. Now that’s active income, and that’s great, but I want you to think back at the reason why you got into real estate investing. The reason you did is because you wanted that passive income. You didn’t want to work anymore. You wanted long-term wealth.
So I want you guys to remember, this year, as you’re doing a lot of flips, lots of wholesales, and making those chunks of money, to remember to put some of that money into a long-term buy-and-hold property. Whether that be a duplex, single-family home, or apartment complex, storage units, whatever it is. But I tell you, those properties are why you got into real estate. That’s how to create real wealth and that will be the gift that will keep on giving to you and your family for the rest of your life.
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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.
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