REIClub.com + George Uno
What are the pros and cons (or downsides) of real estate investing?
The pros of real estate investing are pretty well known, the ability to use leverage (debt) to buy properties that generate passive income (cashflow) that also appreciate in value (equity) while giving tax benefits (depreciation).
But every investment has its cons, some of real estate's downsides are market volatility, bad tenants, vacancies, maintenance, and legal/regulatory issues. Basically it comes down to tenants, toilets, and termites.
Tony Javier's career as a real estate investor was almost derailed by those downsides. Luckily he didn't listen to the naysayers and dove right in, acquiring 10 rental properties in just a few years using the BRRRR method.
⏰ TIME STAMPS ⏰
00:00 Tony Javier - Real Estate Investor TV consultant
01:00 Carleton Sheets - Real Estate Infomercial
02:03 BRRRR Method Success
04:57 Dropping out of College
06:30 Toilets & Tenants
07:35 Worst Deal
17:06 TV ads for Real Estate Investors
22:00 Founding 10X TV
25:30 TV ads in big vs midsize markets
29:18 TV vs Direct Mail
32:49 Why 10X TV?