5: Making Your First Investment (Passive Income, Real Estate, and Retirement)
Rich Habits Podcast
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The Importance of Investing in Real Estate
Austin: I was renting a house here in Nashville with a couple roommates and we were paying about $1,800 a month in rent. We got a letter in the mail and it was from our landlord and they said, Hey, we're going to raise your rent by 30%. And that really just, I was like, hold up guys. That's crazy. But two, this place was built in 2004. It's not worth $2,200 a month in Rent. Robert: The FHA loan program allows anyone to make that first investment toward real estate as a primary residence.
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