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    The Passive Income Guide: What is your return on life?
    The Passive Income Guide: What is your return on life?
    The Passive Income Guide: What is your return on life?
    Ebook88 pages1 hour

    The Passive Income Guide: What is your return on life?

    By Larson John and Weinhold Keith

    ()

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    About this ebook

    Are you ready to discover your return on life? Real estate investing, done the right way, has made more "everyday" people wealthy than any other investment option available. Investing in real estate can be daunting if you don't know how to begin or don't have the time to put towards investing. However, there are ways to earn income and see double or triple-digit returns by investing in real estate, passively.



    What is passive income real estate investing? Simply put, leveraging real estate experts to put your money to work for you.



    The Passive Income Guide helps you become familiar with the available options in real estate to help choose the best strategy for your circumstance and goals. Maximize your return on life!

    LanguageEnglish
    PublisherAmerican Real Estate Investments
    Release dateJul 7, 2018
    ISBN9781723240904
    The Passive Income Guide: What is your return on life?

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      Book preview

      The Passive Income Guide - Larson John

      John Larson © 2018

      Table of Contents

      Foreword

      What is Your Return on Life?

      How to Create Passive Income with Real Estate

      What is Turnkey Real Estate Investing?

      What You Should Expect in a Turnkey Investment

      Real Estate vs. the Stock Market

      The Difference Between A, B, and C Class Properties

      Lifestyle Investing through Vacation Rental Properties

      Getting Started as an Investor in Belize

      7 Things to Consider When Investing in Cash Flow Properties

      Private Money Lending: Be the Bank

      Investing in Real Estate with Your Retirement Funds

      5 Mistakes Real Estate Investors Make

      What I Wish Every Investor Knew About Turnkey Real Estate Investments

      The Power of the 1031 Exchange

      Everything You Should Consider About Property Management

      Successful Habits of Top Real Estate Investors

      Prospective Property Manager Questionnaire

      Author

      Foreword

      Get real with me. How much does your employer pay you to quit your dream? Do you even remember what your dream was?

      Most people get used to settling in life. When you were a teenager and thought about what your adult life would be like, I’ll tell you one thing that you never thought: I’m going to live a small life.

      But now that’s precisely what you’ve done.

      So there you are, making between $70K and $150K, living life. You’ve got a good home and drive a decent car. Sometimes you feel comfortable.

      You don’t vacation very often. You’re sure to be in your cushioned swivel seat at your workstation at the appointed time each morning.

      You sell your soul there at work. You tote company lines and occasionally play ridiculous charades to make it look like you’re working, all just so that you can trade your time for dollars over-and-over again.

      You’ve settled. You’ve even been programmed. You aren’t even being yourself because you wouldn’t naturally act that way.

      In this one precious life that you’ve been given, you can’t even be yourself!

      Even if your job isn’t so bad, is this really how you would choose to spend your time - if you could do anything in the world with your time?

      Perhaps some of your dollars that you exchanged for your time are allocated into your 401(k) Retirement Savings Plan, or an IRA. They’re often invested in mutual funds.

      That’s an awful thing to do with your money.

      First of all, these vehicles are typically invested in stock and bond-based investments. Even if you feel like that’s going well, do you think that a 10% paper‚ annual return is good?

      Well, your plan administrator or financial advisor is not incentivized to tell you the whole truth.

      From 10%, subtract out inflation, emotion, taxes, fees, and volatility, and you’ll be lucky if your real return is as high as zero.

      Did you know that 401(k)s were initially called Salary Reduction Plans? They had to scrap that name to foster employee participation. But reducing your salary today is principally what they still do to you.

      Do you favor 401(k)s because you think that your money compounds on a tax-deferred basis, plus in retirement, you can pay a lower tax rate?

      Well, that’s the wrong strategy. In fact, you’ve just admitted failure.

      Why?

      Because you’ve just admitted that in retirement, you’ll have a lower income, hence a lower tax rate.

      Penalty-free withdrawals only begin between age 59.5 and 70.5. You must also start paying tax on them at that time. So you’re certainly going to trade away pieces of your youth for a faint hope of having more in old age?

      See, retirement plans are Life-Deferral Plans more so than Tax-Deferral Plans.

      Retirement age is when you’ll finally have time to float the canals of Venice with your spouse, take the grandchildren to Disneyland, or buy and drive your Maserati. With more time to spend money, you’ll want more income then, not less.

      Plan for prosperity instead. Produce, don’t reduce. Starting with a change in mindset, you can set up your life’s finances so that your income increases both now and in perpetuity into the future.

      Real estate has made more ordinary people wealthy than anything else. But few understand how.

      You’ll see that stocks usually only provide you with one way to profit. It’s a capital gain if you buy and sell at the right time. Maybe you’ll buy stock that pays a modest dividend too.

      Real estate provides you with so many simultaneous profit centers: leveraged appreciation, cash flow, tenant-made principal paydown, greater tax advantages than stocks, and a way in which you actually profit from inflation.

      When you understand this, you’ll learn that total rates of return of under 20–25% are actually disappointing, and without taking inordinate risks.

      In the stock world, that would be a blasphemous statement to make!

      This is nothing new. This is just strategic buy-and-hold real

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