Podcast #108 - Rocky Lalvani recalls 2000 & 2008 corrections and regrets not getting started earlier with a little marriage family advice

YouTube Link: https://youtu.be/v0fB-e3579EText “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerPlease help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: Currently have 5 rentals and 80k of income and trying to paying off rentals because near retirementAlso flips properties where the goal is 20k profitHe outsources much of the workGot rentals in 2011 and regret not doing it earlierGot hammered in 2008Got out of the market in 2000Interest rates are very low which is different that past times which means a good time to lock in loans, stocks are pretty highReal estate is not for everyone and might have a wrong skill setIf you don't want to do the work be a hard money flipper but only make 10% (you need to have the money)Don't lend to someone doing their first flipNeed to hire a virtual assistant - 5 properties can manage by selfLet go of politicsMarriage advice Begin with the end in mind - He already knows his legacy and just lives itTeaching kids financial principals - mindsets and habitsTo teach a 12-year-old - give them moneyTo teach a 30-year-old - they need to want to fix the money problemLetting go to be happyrichersoul.com Hosted on Acast. See acast.com/privacy for more information.