Every choice that you make is a trade off against something else. You can afford anything, but not everything. That applies to your time, your focus, your energy, your attention,. Any limited resource that you need to manage. Saying yes to something implicitly means turn away other options. And that opens up two questions: First, what matters most? Second, how do you align your decision making around that which matters most? Answering these two questions is a lifetime practice and that's what this podcast is here to explore and facilitate.
#373: How do people make money in real estate?
Many focus on rental income, but this is only one of five ways that properties create wealth.
We explain five surprising ways that real estate builds your balance sheet: cash flow, appreciation (market-based and forced), tax benefits, principal paydown, and instant equity at closing.
Why does this matter for long-distance investors?
If you’re investing out-of-state, you’ll need to choose a city or town. How do you decide? First, think about how you want to bias your returns. Do you want to optimize for cash flow? More appreciation potential? Identifying this will help you align your city/town selection with your financial goals.
If you’ve been thinking about investing in real estate – especially if you might invest long-distance – you’ll love this episode.
Enjoy!
For more information, visit the show notes at https://affordanything.com/episode373
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