Podcast #108 - Rocky Lalvani recalls 2000 & 2008 corrections and regrets not getting started earlier with a little marriage family advice

YouTube Link: https://youtu.be/v0fB-e3579E

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes:

Currently have 5 rentals and 80k of income and trying to paying off rentals because near retirement

Also flips properties where the goal is 20k profit

He outsources much of the work

Got rentals in 2011 and regret not doing it earlier

Got hammered in 2008

Got out of the market in 2000

Interest rates are very low which is different that past times which means a good time to lock in loans, stocks are pretty high

Real estate is not for everyone and might have a wrong skill set

If you don't want to do the work be a hard money flipper but only make 10% (you need to have the money)

Don't lend to someone doing their first flip

Need to hire a virtual assistant - 5 properties can manage by self

Let go of politics

Marriage advice

Begin with the end in mind - He already knows his legacy and just lives it

Teaching kids financial principals - mindsets and habits

To teach a 12-year-old - give them money

To teach a 30-year-old - they need to want to fix the money problem

Letting go to be happy

richersoul.com

Hosted on Acast. See acast.com/privacy for more information.