Dr. Wayne PernellCEO and Founder, DynamicLeader, Inc. · Leadership Advisory and Development - vision and strategy

Power of One: Building Wealth Through Property #shorts #WealthBuilding #PropertyInvesting

Name: Power of One: Building Wealth Through Property #shorts #WealthBuilding #PropertyInvesting
Uploaded: 2024-01-26T02:00:02+00:00
Duration: 56 s
Channel: Dr. Wayne Pernell
Description: Two investors break down how to build $6,000 monthly passive income from rental properties. Each property generates roughly $500 per month, so you'd need…

26 Jan 2024 · 1 min

Watch on YouTube

0:56

Two investors break down how to build $6,000 monthly passive income from rental properties. Each property generates roughly $500 per month, so you'd need about ten to twelve. The strategy: buy one property a year for a decade and let rent increases work in your favor.

Chapters

If we wanted to just make a very easy calculation and say you could somehow find properties that make each $500 a month in, in passive income, then you would know if I wanted to get 6,000, I need 12 of those right? Now this is assuming that you would buy the first one and the last one and in between you never increase rent, which is not really true. So in the reality, you probably don't need 12. You probably only need like 10. But let's just say you need a 10 and you get to buy one every year. In 10 years you have your 10 and you're getting your $6,000 probably a little more.
So let me, let me pause you there because I think it's really important just conceptually. You know, when, when people in general look at these giant goals, they go, how do I own 10 properties? You know, good, I don't need 12. How do I own 10? It's like you start with one, right? You start with one and.

More from Dr.

youtube.com

Crafting Positive Workplaces #shorts #OrganizationalDynamics #EmployeeEngagement #PositiveWorkplace

2y ago

youtube.com

Empowering Leadership through Change #shorts #LeadershipSupport #CulturalAlignment

2y ago

youtube.com

Understanding and Transforming #shorts #OrganizationalDesign #FutureVision #ProcessImprovement

2y ago

youtube.com

Empowering Change #shorts #CoDesign #OrganizationalChange #Empowerment #Collaboration

2y ago

youtube.com

Embracing Innovation #shorts #ChangeManagement #Innovation #BehavioralTheory

2y ago

youtube.com

Navigating Design Dynamics #shorts #OrganizationDesign #StrategicSupport #BusinessSuccess

2y ago

youtube.com

Supporting Growth and Recovery #shorts #OrganizationalHealth #BusinessSupport #GrowthStrategy

2y ago

youtube.com

Clarifying Decision-Making #shorts #DecisionMaking #Leadership #TeamAlignment #ClarityInRoles

2y ago

youtube.com

Nurturing Development and Culture #shorts #LeadershipDevelopment #CompanyCulture

2y ago

youtube.com

Facilitating Growth #shorts #Facilitation #LeadershipDevelopment #OrganizationalChange

2y ago

youtube.com

Embracing Diversity #shorts

2y ago

See all content