Scott Trench
speaker
696 appearances
1 recordings
1 series
first heard Sep 2025
last heard Sep 2025
Scott Trench’s voice in public audio — every appearance, attributed to the second.
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Appearances
We did the same stuff there.
You partied just as much as we did.
We had fun there and I wouldn't have changed a thing there.
I wish I could have brought a couple more friends along with it too.
So they'd be a couple more hundred thousand or a couple million more ahead.
Let's just zoom out and think about what a rental property is, right?
If I buy a $500,000 duplex, some people say that's crazy cheap.
Some people say that's crazy expensive, depending on where you're listening from.
But buy a $500,000 duplex and it generates $40,000 in income.
What I'm buying is an inflation adjusted store of value and an inflation adjusted income stream.
In 30 years, it's going to be roughly worth $500,000 adjusted for inflation, and it's going to generate roughly $40,000 adjusted for inflation at that point in time.
If instead of buying a $500,000 duplex, I buy a $2 million apartment complex and put $500,000 down, I'm buying a $2 million asset that will be worth $2 million in 30 years and a $160,000 income stream adjusted for inflation.
That's, I think, the starting premise.
You might do a little better if you're buying in an area you think is gonna grow over a long period of time.
You might outpace it by one or two percentage points, adjusting for inflation.
So that's the game here, right?
Real estate's great because now, with portions of my portfolio paid off, I have a very high probability, if I don't screw things up, of having an inflation-adjusted income stream that much more than covers my expenses for the rest of my life.
It's not a very good way to get rich quick.
If you want to get rich quick, buy a business or build a business or advance your career, become the best in the world at whatever you're doing.
But then you can take that money and put it into something like real estate.
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