The book Rich Dad, Poor Dad changed my life.
My husband has always been about real estate and living off his assets one day.
I didn’t really get the big push to have apartments for rent. After reading that book, I totally understand. It lays out how people can get wealthy. Basically if you want to do well financially, saving money doesn’t do anything. Why have a big number in your bank account? It is smarter to invest in a property that will make you more money overtime. My husband and I are always looking at homes for sale. My husband right now has two rental properties. He has a duplex and a residential home for rent in our area. I know that commercial real estate is his next big hurdle. For me I just want to buy a small rental property. I also am not against buying a single family home, fixing it up and flipping it for a profit. My husband and I are on a first name basis with the real estate agent in town. Melissa is always giving us a call on new places that are going for sale that we can eventually rent out. Finding the right deal is tough though. I don’t want to spend an obscene amount of money but I don’t want to buy a worthless home. I am planning on getting quite a few rental properties under my belt. It would be nice to know that if I lost my job, my rent could pay my mortgage. My husband and I aren’t quite there yet.