The 2 questions we hear most often are "How do I get started investing in real estate" and "How do I invest if I don't have enough money for a property". Today we're tackling those important topics! Mike Swenson covers the many different ways that investing in real estate can bring you income & profit, how you can fund your purchases, what considerations to make when deciding what type of investor you want to be, and how you can push the "easy" button and passively invest your money into other people's deals.
In this episode we discussed:
What makes real estate investing an attractive route to gain wealth and financial freedom.
How real estate stands out among various investment choices, with its multiple income streams and wide array of benefits.
Leveraging real estate to reduce your mortgage balance over time.
Hedging against inflation, especially in times of rising prices for goods and services.
Tax benefits associated with real estate, including the various deductions available for expenses
How depreciation in real estate is beneficial for lowering your tax liability.
Using real estate to create a legacy through setting up a trust or leaving your assets to charities.
What are the key advantages of real estate syndication for individuals who want to invest in real estate.
00:00 - Intro to the Episode's Topic 01:25 - Benefits of Investing in Real Estate 02:06 - An Asset Opportunity 04:51 - Mortgage Principal Payment 05:59 - Leveraging appreciation in real estate 07:45 - Hedging against inflation 08:35 - Depreciating Asset 09:00 - Additional Tax Deduction 10:06 - Leaving a lasting Legacy 15:39 - Four Different Ways in investing goals in your financial future 20:41 - Syndication Opportunity 24:41 - How to find Mike