@ctownsend3851 3 жыл бұрын
I really enjoyed this episode! Rachel's advise about building systems early hit home and helped me make my decision on whether to move forward on software debates. Great episode and guests you two!
@gregoryschwartz9523 3 жыл бұрын
Thanks!
@velicient 3 жыл бұрын
I like the show overall but I'd appreciate less hyperbole. "...when the stock market drops and your money is gone..." that's not how it works - assuming you're not 100% invested in one company that goes bankrupt. Real estate is great, but there's no reason to speak ill of investing in the market.
@gregoryschwartz9523 3 жыл бұрын
Very well said. The point we'd like to make is that when you check your account and you see that number drop 30-40% it 'feels' like your money is all gone. Personally, we dont enjoy that roller coaster ride emotionally, particularly when we have little control over the asset. But just like in real estate you haven't actually lost or made money until you sell.
@velicient 3 жыл бұрын
@@gregoryschwartz9523 fair enough, but that feeling isn't just found with the market. My wife and I became landlords by circumstance in 2009. She owned the home before we got married and then the military moved me/us. The property probably lost nearly 50% of its value and we couldn't get it rented either. Admittedly, we really weren't ready to be landlords and so things didn't work out. But paper losses do exist in real estate.
@DionTalkFinancialFreedom 3 жыл бұрын
Phenomenal. This is the content people need. Real financial freedom from real people. Semper fi
@thaiscoelho3701 2 жыл бұрын
wow I didn't know that with the BRRRR technique I could have such good results. thank you for sharing your teachings with us
@AirbnbRentalEmpire 3 жыл бұрын
Informative stuff, keep it up!
@moneyrippleswithchrismiles 3 жыл бұрын
Airbnb is such a great market to expand into!
@gregoryschwartz9523 3 жыл бұрын
Airbnb has been great. Since we recorded the bookings have continued to poor in and we've increased the per night charge
@bjjfreak8261 3 жыл бұрын
What kind of place is the Airbnb? What are the profit margins compared to their other rentals? Would have liked to hear more about that
@gregoryschwartz9523 3 жыл бұрын
The Airbnb gross income has averaged $1100 for the first 3 months. It's hard to tell what the expenses are because the room we rent is in our primary residence and we share costs like utilities, internet, mortgage etc. But I'd like to think we profit about $700-800 per month which is the same profit we receive from our 4-plex.
@401tarrafal 2 жыл бұрын
Keep it up great job
@shadoman85 3 жыл бұрын
Loved this episode!
@gregoryschwartz9523 3 жыл бұрын
Thanks, Thomas!
@marcalexander6450 3 жыл бұрын
@@gregoryschwartz9523 make sure you’re getting that disability! Starts to add up quick. Also is counted as 1.25x the total for the sake of qualifying for home loans. I didn’t go to medical ever but I’m still on the verge of getting my 100%. I know that life, lol 6 months of being a mortgage lender but not closing any deals. It gets tough 😆. 11 more months and I’ll be getting my first house hack. Going more towards the rooming house 8 tenants no community quarters route. Great to see you guys making it and doing well. I’m glad and hope you continue with all the success 🙏🏾
@harleyhuney77 2 жыл бұрын
Which property management software would you recommend?
@Officialerikledezma 3 жыл бұрын
Why does the audio sound so crappy?
@gregoryschwartz9523 3 жыл бұрын
We are very much not podcasters. We know and love real estate but have very little knowledge about tech and audio.
@DionTalkFinancialFreedom 3 жыл бұрын
This is a show where real people share their stories of how they made work optional. Not how they became podcasters. It’s a trade off. Great info but it comes from people with minimal tech equipment (at least the guests.)
@michaelwilliams3816 4 ай бұрын
His daddy got him started..
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