Income SKYROCKETS After 2 Rental Properties (here's how)
Income SKYROCKETS After 2 Rental Properties (here's how)
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Ken and Danille McElroy discuss why your second rental property is the turning point that accelerates your financial growth. In this video, they break down the compounding benefits of real…
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She’s very attractive! Is that your wife?
I don't understand the relationship between these 2 people? Are they father and daughter or lovers or is she his employee? I think they look alike in some ways, so maybe they are related? He certainly seems enamored by her… Sorry, haha, yes I am interested in real estate and I like this channel but it's just so distracting wondering what their relationship is!
“Your tenant is paying your mortage” This is true on countries with low interest rates, take Brazil as an example: i bought 2 rental properties this year, both for short rental, the interest on a mortage here is 11,25%! Impossible to have a reasonable positive cash flow, if you’re lucky its gonna be an even game. So i saved money, bought these 2 properties with money enough on my savings to pay the mortage of the 1st property in ~16 months (savings+salary), after this point ill have 2 properties paying for 1, then the game starts to make sense…
In my opinion, house prices will continue down as people leave the state and prices correct due to market pressure. The problem with Florida is the property taxes increased based on the boom and the cost or inability to obtain homeowners insurance. Florida's in for a rough 5 years imo.
OK qualifying, payments and 2-4 mos to get your tenant. How do you cover the cost? What if you're a single wage earner. Show how this works.
I really don't know what your talking about passive income means you earn money in your sleep if you own 24 apartments put in just 2 hours week per unit 50 hours a year calling someone to fix something in your apartments paying them getting back to them something else at 30 dollars hour pay and benefits if you work in apartment management thats 75000 dollars in active management of properties. Even if you own the units out right make 6400 per unit thats 76000 passive income at 24 units worth 170000 a unit thats a passive cashflow of less than 2% I know someone that lives in apartment the upkeep on the property is enormous and the buildings not that old.
You guys keep saying passive income, but I’m pretty sure real estate is not passive income.
I plan to retire at the end of 2025 at 62 after 36 years in Telecom as a sales engineer. My wife will retire in May 2026 and she's loving life! But walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition couple with the alarming recession and CPI report
Hello, I want to start investing but I don't know where to begin. Any advice or contacts for help?
Is it better to buy and pay off overtime 5 houses and then rent them out ? or own a duplex or something along those lines..
Step 1.
Marry a billionaire
Step 2.
Have him buy you 6 rental houses.
Sit like a lady!
Ken and Danille always bring such valuable insights—can't wait to learn how that second rental property can really boost financial growth! 🏘💰
Please stop saying passive. It’s not.
The problem is now that the house prices are high, interest rates are still high but rents are getting low and low. So cash flow positive rental property is getting harder and harder
Rentals are not passive income unless you sacrifice cash flow to management company fees to make it truly passive but then you are not getting $400/no in cash flow
What is the price of a apartment in us
Not if you live in England
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the real estate & financial market, so I'm concerned about my $200k stock portfolio.
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
Thank you Ken and Danille, how do I get your “step by step tutorial on how I can buy my first rental property please? Thank you again
My friend did this in the 2000s. He saved the income from his first property to put into the 2nd, etc. Property prices were booming at the time so he could roll that equity into the next property. When the financial crisis hit in 2008 I would assume he had a couple of million euros in mortgage debt across 10+ properties, with a very low equity position. The property prices in our city (non-US) dropped by around 30% and he was totally and completely wiped out. He lost his own home, his cars, his wife walked out, and he basically cracked mentally and had a kind of breakdown. 16 years later and he still lives back in his childhood home with his mother, a broken man.
So by all means, follow the same pattern if you want that 'passive income' (it isn't passive btw) and capital gains. But don't pretend it's low risk, because while the upside can be good if the stars align in your favour, the downsides of the extreme leveraged debt are very real.
she is so beautiful
Who in the world is buying properties that cashflow $300-400 with traditional rentals nowadays? I don't see how that's even possible esin today's market. Unless you're putting 30-40% down, everything that isn't falling apart is cashflow negative.
Love watching your content. Its hard to find good investment content these days with so many financial entertainers out there.
Educational video on the topic, it is exactly what I wanted to know. It looks like the channel has some other nice topics too and I am looking forward to hearing them. Note to whoever is editing this video and controlling the zooming in and out-it is very bizarre, we know why you are doing that and don't do it. Not only is it unnecessary but it is distracting as well. Perhaps this was one of Ken and Danille's first videos, and they tried too hard (or did not think about it at all) on the layout or set up, I am sure they will get better with feedback. Their topics are spot on.
It’s not passive😂, but it is worth it!
Obviously this is a huge bubble. Imagine everyone being a landlord…😂
You guys are so positive so its a pleasure to watch your videos. How to find good tenants another question after cleared with HOA. Had great tenants several years ago, hope will get lucky again 🙂
House 1, House 2, House 3, House 4… This guy's playing monopole irl.
I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
just sold a property in Manhattan and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains within months, I'm really just confused at this point.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.
Why is she sitting that way?
great info
I have 2. It hasn’t skyrocketed.
PULL OUT TRAPPED EQUITY !!!! LOL !!!! YOU MEAN DEBT THAT REQUIRES PAYMENTS ???? LOL !!!!
1st of ALL you never have 2 rentals under her belt !!!! LOL !!!! THE BANK HAS THEM UNTIL YOU KILL THE DEBT !!!! LOL !!!!
I have two homes cashing flowing nicely. With interests rates so high now, I don’t see how to do that now unless I put down 50% of more.
What you need to EXPLAIN, and most of these channels miss is there is a HUGE difference to working ang getting a W2 as opposed to just working rentals. YOU TOTALLY MISS ALL THE TAX BENEFITS IF YOU ARE GETTING A W2 from a job. IT IS NIGHT & DAY DIFFERENCE.
I’m sorry, what did you say about property??? My brain just froze looking at those cross legged and reddish hose pants 😂😂😂
Banks are already telling me my debt to income ratio is to great. I only live in my duplex, and they’ll only loan me enough for one more…
I recently found uSMART's structured wealth management products very attractive. I can choose to keep my capital and get 10%, or I can invest as much as I like and get 15% or so
In today’s market, positive cash flow is hard to achieve
I just closed on my second property that I will use as rental! Thanks to you two and your wisdom I will be starting my journey of owning mulitple properties. Cheers!
Are your first two single-family?