The speaker reveals his criteria for making investments, which include the ability to buy more than one, write off a portion, and make passive income. He shares an example of purchasing a Malibu house as a cashflow asset, despite it being a bad investment in the long term.
The speaker shares his criteria for making investments, which includes the ability to buy multiple, writing off a portion of it, and investing out of passive income. He shares his experience of investing in a Malibu house and making 3 million dollars in cash flow this year.
Learn how to invest your earned income in order to build real assets that will pay you cash and give you a return on investment.
The speaker shares their investment strategy and experience of dealing with the depreciation of money, emphasizing the need for continuously looking for good investment deals.
Cash flowing properties provide the opportunity for tax sheltering through depreciation, allowing for increased cash flow without paying taxes in the beginning years.
The speaker reflects on the valuable lessons he learned from a single failed real estate deal, which taught him more than years of successful deals combined.