IMHO real estate investing is the best investment. It's better than the stock market and it's WAY better than just putting money in the bank. Here's why:ā
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1. Passive Cash Flow: when you put your money into real estate, you have tenants pay your mortgage. So you receive passive income every month. When you have enough passive income streams that it equals or exceeds your expenses, that is financial freedom!ā
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2. Federal Tax Benefits: because of the way the tax code is structured, you can be making money on real estate, but for tax purposes, it looks like you've lost money. That means you're paying less in taxes. When you're building wealth it's important to remember it's not just what you make, it's what you get to keep that matters! Real estate helps you keep more of your money.
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3. Leverage: if you want to buy $100,000 worth of stocks you'll have to put $100,000 in a brokerage account. However, if you want $100,000 worth of real estate you can put 20% down, 10% down, or sometimes 0% dow...
People all around the world have created millions because they invested in real estate. 90% of millionaires become so through real estate. Today we are going to share 4 incredibly successful female real estate investors that you should know about!ā
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At the age of 23, she quit her job as a waitress and borrowed $1,000 to found a little real estate company in NYC that would become the largest and best-known brand in the brokerage business: The Corcoran Group. She's also a shark on Shark Tank. She has a net worth of $100 million.ā Ā
ā Learn more about Barbara here
Dottie began her real estate career in 1978 working as an agent for Merrill Lynch on Long Island. During that time she became one of the top brokers, and in 1989, she took out a $7 million loan to buy Prudential Long Island Realty. From then on she put all her efforts into building the most powerful brokerage on Long Island and then in the Hamptons. She has a net worth of $270 million.ā
Learn...
Do you know your net worth? It's not that hard to calculate.
One of our Goddesses asked if she can include her Cryptocurrency in her net worth. Another asked if her car can be included.
The answer is Yes! You can include those things in your net worth calculation, along with a lot of things you probably hadn't thought about.
Your net worth is the value of your assets (what you own) minus your liabilities (what you owe).
An asset is anything you have that has significant value. Here are the assets you can include in your net worth calculation:
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