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11 Principals For Being A Successful Real Estate Entreprenurs | Wholesaling Inc Support Call

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How to Own a Multifamily Property

Don't get fooled by this. You have to buy eight times the amount in real estate that you make a year to pay off all your taxes every single year. And I highly suggest that you don't buy single family residential. It's not the smartest idea, but buy twice as much and get it to 50% and pay the other half off. The average upkeep for a property is 3500 to five grand a year. So you're not living on nobody's living off their cash flow. Anybody that says that they're living off of their cash flow is a complete moron.

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