If you enjoyed this episode, or are enjoying the Scalable REI show overall, show your support by buying the Scalable REI team a cup of coffee: https://www.buymeacoffee.com/scalablerei

Chris Miles is founder of Money Ripples, a company that has taught real estate investors how to increase their cash flow by over $250m over the last 11 years to reach financial freedom. He’s also the host of the Chris Miles Money Show podcast.

Helpful Links:

https://moneyripples.com/

https://podcasts.apple.com/us/podcast/the-chris-miles-money-show/id895555599

Episode Highlights:

-Bank on cash flow, not appreciation

- The more income streams you have, the more financially stable you’ll be

- Hiring a traditional financial advisor is like the blind leading the blind. If they’re not financially free themselves, then  they can’t possibly advise you on how to achieve financial freedom

- You can’t retire on mutual funds. Roth IRAs, 401ks, and IRAs are designed to keep the poor and middle class poor

- If you’re looking for turnkey single-family rentals that provide significant cash flow, you should join a mastermind group that specializes in single-family properties. It is then your responsibility to vet the people you’re working with. 

- Chris maintains a network of multiple turnkey single-family operators that will not only sell him the property but also manage it for him. By having multiple relationships, he is able to pick the best deals that provide the strongest cash flow.