๐๐๐ซ๐ ๐ข๐ฌ ๐ฐ๐ก๐๐ญโ๐ฌ ๐ ๐จ๐ข๐ง๐ ๐จ๐งโฆ.
I remember back when I couldnโt wait till the 1st of each month to deposit my rent cheques. I was super happy to pull out those cheques and accept those email transfers.
Felt like I was set for life and ๐ญ๐ก๐๐ญ ๐ ๐ฆ๐๐๐ ๐ ๐ ๐ซ๐๐๐ญ ๐๐๐๐ข๐ฌ๐ข๐จ๐ง ๐ญ๐จ ๐๐ฎ๐ฒ ๐ญ๐ก๐จ๐ฌ๐ ๐ซ๐๐ง๐ญ๐๐ฅ๐ฌ
So, each month I would look at my bank account and see the rental income come inโฆ woohoo!! This will be my ๐ฉ๐๐ฌ๐ฌ๐ข๐ฏ๐ ๐ข๐ง๐๐จ๐ฆ๐ ๐๐จ๐ซ ๐ซ๐๐ญ๐ข๐ซ๐๐ฆ๐๐ง๐ญ
The longer I keep holding onto this property, the more I will make. This is a long game. This is how the wealthy stay wealthy. They buy real estate and hold it for long periods of time.
๐ ๐๐๐ฐ ๐ฒ๐๐๐ซ๐ฌ ๐ก๐๐ฏ๐ ๐ ๐จ๐ง๐ ๐y, rates have gone up and now I make a little less each month. But I know that the decision to buy was still good. I can handle this rate increase. Itโs not affecting my lifestyle.
๐๐๐ญ๐๐ฌ ๐ ๐จ ๐ฎ๐ฉ ๐๐ ๐๐ข๐ง thatโs ok! Itโs just temporaryโฆItโs going to be ok. The government canโt keep increasing those rates but I donโt have control over the government. So, I am more worried now.
๐๐๐ญ๐๐ฌ ๐ ๐จ ๐ฎ๐ฉ ๐๐ ๐๐ข๐ง ๐๐ง๐ ๐ญ๐ก๐ข๐ฌ ๐ญ๐ข๐ฆ๐ ๐ฆ๐จ๐ซ๐ ๐ญ๐ก๐๐ง ๐ฉ๐ซ๐๐๐ข๐๐ญ๐๐. Now I am getting stressed Itโs starting to affect my lifestyle.
What should I do? I thought buying this investment property would set me up for life.
๐๐ง๐ ๐ญ๐ก๐๐ง ๐ ๐ฆ๐๐ค๐ ๐ญ๐ก๐ ๐ฆ๐จ๐ฌ๐ญ ๐๐จ๐ฆ๐ฆ๐จ๐ง ๐ฆ๐ข๐ฌ๐ญ๐๐ค๐ ๐ฉ๐จ๐ฌ๐ฌ๐ข๐๐ฅ๐ ๐๐ฆ๐จ๐ง๐ ๐ฅ๐๐ง๐๐ฅ๐จ๐ซ๐๐ฌ
I dip into my savings fund! My real estate investment has gone from an asset to a liability now. Bye bye money
Did I really make a good decision to buy that rental investment property???
๐ ๐๐ฆ ๐ง๐จ๐ฐ ๐ข๐ง ๐ฌ๐ฎ๐ซ๐ฏ๐ข๐ฏ๐๐ฅ ๐ฆ๐จ๐๐. I am now watching every penny I spend. This canโt be happeningโฆ
If any of this resonates, hereโs whatโs going on:
๐๐๐ง๐๐ฅ๐จ๐ซ๐๐ฌ ๐ฐ๐ก๐จ ๐ ๐ซ๐๐ฐ ๐ฎ๐ฉ ๐ข๐ง ๐ญ๐ก๐ โ๐๐ฅ๐ ๐๐๐ก๐จ๐จ๐ฅโ ๐ฐ๐๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ง๐ค๐ข๐ง๐ - โOld Schoolโ thinking is work hard, save, save, save work with a financial planner, pay off your mortgage asap and retire with a house that is free and clear.
๐๐๐ ๐ญ๐ก๐ข๐ฌ ๐ข๐ฌ ๐ง๐จ๐ญ ๐ ๐จ๐ข๐ง๐ ๐ญ๐จ ๐ฐ๐จ๐ซ๐ค ๐๐ง๐ฒ๐ฆ๐จ๐ซ๐ It may have worked with our parentsโ day and age but not today.
Today is different. ๐๐จ๐ฌ๐ญ ๐จ๐ ๐ฅ๐ข๐ฏ๐ข๐ง๐ ๐ข๐ฌ ๐ก๐ข๐ ๐ก๐๐ซ and our incomes have NOT caught up with our expenses.
Landlords need to change their approach to โ๐๐๐ฐ ๐๐๐ก๐จ๐จ๐ฅโ thinking, which is a ๐ฌ๐ญ๐ซ๐๐ญ๐๐ ๐ฒ ๐๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐๐ ๐๐ฒ ๐ญ๐ก๐ ๐ฐ๐๐๐ฅ๐ญ๐ก๐ฒ.
๐๐ก๐ ๐ฐ๐๐๐ฅ๐ญ๐ก๐ฒ ๐ฎ๐ฌ๐ ๐ญ๐ก๐ ๐๐๐๐๐ ๐๐ ๐ป๐ฏ๐ฌ๐ฐ๐น ๐๐๐๐๐๐๐๐ ๐๐ง๐ ๐๐๐๐๐๐๐๐!
The wealthy know how to ๐ญ๐ฎ๐ซ๐ง ๐๐๐ ๐๐๐๐ ๐ข๐ง๐ญ๐จ ๐๐๐๐ ๐๐๐๐!
Those who implement this plan are able to ๐๐จ๐ง๐ฏ๐๐ซ๐ญ ๐ญ๐ก๐๐ข๐ซ ๐ง๐จ๐ง ๐ญ๐๐ฑ ๐๐๐๐ฎ๐๐ญ๐ข๐๐ฅ๐ ๐๐๐๐ญ ๐ข๐ง๐ญ๐จ ๐ ๐ญ๐๐ฑ ๐๐๐๐ฎ๐๐ญ๐ข๐๐ฅ๐ ๐ฆ๐จ๐ง๐๐ฒ๐ฆ๐๐ค๐ข๐ง๐ ๐ฆ๐๐๐ก๐ข๐ง๐ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐-๐๐ ๐ฒ๐ซ๐ฌ.
Those who adopt this strategy correctly will ๐ซ๐๐๐๐ข๐ฏ๐ ๐ข๐ง๐๐จ๐ฆ๐ ๐ญ๐๐ฑ ๐ซ๐๐๐ฎ๐ง๐๐ฌ ๐๐ซ๐จ๐ฆ ๐ญ๐ก๐ ๐ ๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ ๐ฐ๐ข๐ญ๐ก๐จ๐ฎ๐ญ๐๐จ๐ง๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐ง๐ ๐ ๐ฉ๐๐ง๐ง๐ฒ ๐ญ๐จ ๐ญ๐ก๐๐ข๐ซ ๐๐๐๐ and then these refunds go to pay off your mortgage EACH year.
Essentially, ๐ญ๐ก๐ ๐ ๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ ๐ฐ๐ข๐ฅ๐ฅ ๐๐๐ ๐ฒ๐จ๐ฎ ๐ญ๐จ ๐จ๐ฐ๐ง ๐ ๐ซ๐๐ง๐ญ๐๐ฅ ๐ฉ๐ซ๐จ๐ฉ๐๐ซ๐ญ๐ฒ!
Those who implement this strategy will pay off their owner-occupied mortgage 5-6 years earlier on average! And bonus - those who implement this strategy will also ๐๐๐๐ฎ๐ฆ๐ฎ๐ฅ๐๐ญ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐ฐ๐๐๐ฅ๐ญ๐ก ๐๐จ๐ซ ๐ซ๐๐ญ๐ข๐ซ๐๐ฆ๐๐ง๐ญ
Most investment strategies involve more cash out of your pocket BUT the best part is this strategy ๐ฑ๐ผ๐ฒ๐ ๐ก๐ข๐ง ๐ถ๐ป๐๐ผ๐น๐๐ฒ ๐ฎ๐ป ๐ถ๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ๐ฑ ๐ฐ๐ฎ๐๐ต ๐ณ๐น๐ผ๐. You maintain the ๐๐ซ๐๐๐ง ๐๐ฎ๐บ๐ฒ ๐ฐ๐ฎ๐๐ต ๐ณ๐น๐ผ๐ ๐ฎ๐ ๐๐ผ๐ฑ๐ฎ๐!
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