Rachel Cruze
๐ค SpeakerAppearances Over Time
Podcast Appearances
Yeah. So the real estate side of the investment portion is it is great, but it's not for income producing. Right. It's more to hold. Like you make money on that at the buy. And then when you end up selling with all the equity because you're holding it for so long. Right.
Yeah. So the real estate side of the investment portion is it is great, but it's not for income producing. Right. It's more to hold. Like you make money on that at the buy. And then when you end up selling with all the equity because you're holding it for so long. Right.
Yeah. So the real estate side of the investment portion is it is great, but it's not for income producing. Right. It's more to hold. Like you make money on that at the buy. And then when you end up selling with all the equity because you're holding it for so long. Right.
That's right. Yes, that's right. That's right. So. So, yeah, I mean, I think it's a great goal, but I think I think the first step for you, Zach, would be to get your investment. to own property yourself, right? You know, for your primary residence, before going and investing and getting a rental home and all of that, because a lot of people do it the opposite way.
That's right. Yes, that's right. That's right. So. So, yeah, I mean, I think it's a great goal, but I think I think the first step for you, Zach, would be to get your investment. to own property yourself, right? You know, for your primary residence, before going and investing and getting a rental home and all of that, because a lot of people do it the opposite way.
That's right. Yes, that's right. That's right. So. So, yeah, I mean, I think it's a great goal, but I think I think the first step for you, Zach, would be to get your investment. to own property yourself, right? You know, for your primary residence, before going and investing and getting a rental home and all of that, because a lot of people do it the opposite way.
But what you'll end up finding is you're not really going to make a, I mean, depending on the home, obviously, in the situation, you're When you do that kind of investing, you're not making a ton of money. I think a lot of people have in their mind. I'm sure you wrote the numbers. You're a smart guy.
But what you'll end up finding is you're not really going to make a, I mean, depending on the home, obviously, in the situation, you're When you do that kind of investing, you're not making a ton of money. I think a lot of people have in their mind. I'm sure you wrote the numbers. You're a smart guy.
But what you'll end up finding is you're not really going to make a, I mean, depending on the home, obviously, in the situation, you're When you do that kind of investing, you're not making a ton of money. I think a lot of people have in their mind. I'm sure you wrote the numbers. You're a smart guy.
But I think a lot of people in their minds have this like, oh my gosh, I'm going to be making so much passive income. But by the time, especially if you go take a loan out, which a lot of people do for investment real estate, you're having to pay the mortgage. You're having to pay fees on top of that. You're having to pay everything it is to be a landlord for upkeep, all of it. And you end up...
But I think a lot of people in their minds have this like, oh my gosh, I'm going to be making so much passive income. But by the time, especially if you go take a loan out, which a lot of people do for investment real estate, you're having to pay the mortgage. You're having to pay fees on top of that. You're having to pay everything it is to be a landlord for upkeep, all of it. And you end up...
But I think a lot of people in their minds have this like, oh my gosh, I'm going to be making so much passive income. But by the time, especially if you go take a loan out, which a lot of people do for investment real estate, you're having to pay the mortgage. You're having to pay fees on top of that. You're having to pay everything it is to be a landlord for upkeep, all of it. And you end up...
from a net-to-growth standpoint with not a ton of cash. It's not like a big cash cow to have all of this in a residential market, having one or two of these. So I just want you going in, eyes wide open, just knowing what you're getting yourself into and that it's not... I don't know. I just feel like I see stuff like this all the time on social media. And why has Wade done this? And I'm like...
from a net-to-growth standpoint with not a ton of cash. It's not like a big cash cow to have all of this in a residential market, having one or two of these. So I just want you going in, eyes wide open, just knowing what you're getting yourself into and that it's not... I don't know. I just feel like I see stuff like this all the time on social media. And why has Wade done this? And I'm like...
from a net-to-growth standpoint with not a ton of cash. It's not like a big cash cow to have all of this in a residential market, having one or two of these. So I just want you going in, eyes wide open, just knowing what you're getting yourself into and that it's not... I don't know. I just feel like I see stuff like this all the time on social media. And why has Wade done this? And I'm like...
And it's not a bad thing. You know, I like diversification. I like having money in the market. I like having some real estate. I think all of that's really good. But it's not this thing that's like, oh, my gosh, it's gonna be making me a ton of money. If anything, flips will like that's where we've actually seen, you know, from a short term perspective, actually see some pretty great.
And it's not a bad thing. You know, I like diversification. I like having money in the market. I like having some real estate. I think all of that's really good. But it's not this thing that's like, oh, my gosh, it's gonna be making me a ton of money. If anything, flips will like that's where we've actually seen, you know, from a short term perspective, actually see some pretty great.
And it's not a bad thing. You know, I like diversification. I like having money in the market. I like having some real estate. I think all of that's really good. But it's not this thing that's like, oh, my gosh, it's gonna be making me a ton of money. If anything, flips will like that's where we've actually seen, you know, from a short term perspective, actually see some pretty great.
Yeah, and you can get some really crappy houses in Nashville and gut them if you know what you're doing. I mean, that's a whole other business that you have to โ It takes a lot more work.
Yeah, and you can get some really crappy houses in Nashville and gut them if you know what you're doing. I mean, that's a whole other business that you have to โ It takes a lot more work.