Episode 10: Real Estate: The Second Source of Residual Income
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Show Notes
Of the 7 Sources of Residual Income that Uncommon Wealth Partners champion, real estate may be the most obvious source. It’s one of the first places your mind goes when you think “residual income.” But this is the Uncommon Life Project, so the way our co-hosts talk about real estate probably holds some surprises.
For Phillip Ramsey and Bryan Dewhurst, the uncommon path leads to a rewarding life. That’s why they have dedicated their financial services practice to help clients define their goals, implement a plan, create wealth, and ultimately create time freedom.
In this podcast we’ll take a close look at what rental property can do for you in terms of financial security, tax advantages, and long term financial health and freedom.
What you’ll learn- Understanding interest rates, cash flow, and tax favorable income
- Just what exactly a cap rate is
- Tax advantages of owning real estate
- Why leveraging other people’s money – especially when interest rates are so low – can be very beneficial
- Not to downplay the maintenance and other expenses associated with income properties
- A granular level look at a 401(k) investment compared with a rental investment
- Having some sort of business entity to run these properties through – for tax savings.
- Email: [email protected]
- Email: [email protected]