SPEAKER B explains how to build wealth through rental properties: generate immediate cash flow, use depreciation and mortgage interest for tax advantages, build equity, then recycle that equity into more properties. Live off the cash flow while your wealth grows.
How do I live off and use the money if it's on the right side of the trifecta? It's never made sense to me that it's just future wealth, not something I can use today.
Well, let's say you buy a rental property over here and it's going to create cash flow. You can live off that today. Live off the cash flow. Love it. I have rental property that creates cash flow. It's also growing in value. It's also building me wealth. I might rip out the equity and buy two more rentals five years from now. I can do all sorts of things with that wealth as it grows. But the cash flow, you can live off of it. Take, take it all day long and nine times out of ten it's tax free because the depreciation is wiping it out and the mortgage interest from your tenants buying assets creates tax free cash flow and wealth. I want to knock out both birds with one stone. So please go there, do it. That's what I'm doing.
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