Legacy Investing Show @[email protected]
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I'm a 31 old real estate investor, entrepreneur, and busines
Welcoem to posts!!
in the future - u will be able to do some more stuff here,,,!! like pat catgirl- i mean um yeah... for now u can only see others's posts :c
Your choice of life partner is the biggest financial decision you'll ever make.
When Bridget and I started our journey, we were living in my parents' basement.
Now we're building a $3.1M dream home. That's not luck - it's teamwork.
A supportive partner doesn't just share your dreams; they amplify them.
They push you to be better, stand by you through failures, and celebrate every win.
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Most people think McDonald's is all about burgers and fries.
But here's the real secret sauce: they're actually a real estate empire in disguise.
With $42B in land and 36% of their $23B revenue coming from property, McDonald's is the 5th largest "landlord" globally.
They own the land and buildings for 85% of their restaurants, while franchisees handle the day-to-day operations.
It's a brilliant strategy - they get steady rental income plus a cut of sales, all while minimizing operational headaches.
Next time you see those golden arches, remember: you're looking at prime real estate, not just fast food.
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We started by house-hacking a 4plex in 2018.
By 2021, we co-owned 40 rentals and our cut was $6,000/mo.
We are real estate professionals so we legally pay $0 in taxes on our income.
But our main secret is the Bridge Method.
It allows you to make 10X the cash flow of LTRs without owning a property.
You can do it remotely and out of state.
We started in 2021 by investing $26,000
into a property in Arizona.
It was close to Phoenix, Grand Canyon, and a ski resort.
We walked away with $15K in bookings from which $9,000 was profit.
That was the first month after going live.
Fast forward to 2024, we have 7 Airbnbs out-of-state.
They cashflow $34,000/mo and take 2 hrs/week to manage.
We use bonus depreciation and cost segregation to our max advantage.
This allows us to depreciate 60% of the property at once for 2024.
It was 100% in 2022.
You have to be a real estate professional and own to do this.
You can't do much but focus on yourself and being prepared for anything.
Things are always better than they seem and humans are naturally focus on negativity.
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Do you live in any of these states?
If not would you move to any of these and which one?
Let me know your opinion in the comments below.
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But interest rates went up and it wasn't passive or highly profitable.
We didn't want millions of $ in debt.
That's why we gave the Bridge Method a shot in 2021.
We invested $26K into a re-rented property in Arizona.
After the 1st month, we had $15K in bookings and $9,000 profit.
I quit my job in Dec 2021 to go all on this.
We could make 10X the cash flow with some extra work but without any debt.
Because of this, we could buy the properties we re-rented.
This allowed us to hit 7 Airbnbs today that cashflow $34,000/mo.
We work 2 hrs/week on average thanks to our remote teams.
In total, our portfolio is worth $15,000,000.
We're building our $3.1M custom dream house.
In short, this is how I got to where I am today.
There are a lot more stories, details and lessons I can share with you.
Follow me and check out my profile if you want more.
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Do things that move you towards a better life.
Stressing and arguing about politics is not one of them.
Neither is watching the news or mindlessly scrolling on social media.
Focus on positivity, growth and investing instead.
Don’t let your time and energy be wasted in useless ways.
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These private equity firms have an unfair advantage.
They use leverage buyouts to flip businesses and real estate.
They are funded by:
• Pension funds
• Endowments
• Institutions like family offices
In a nutshell, they use debt to buy companies and sell them for a profit in 5-7 years.
This puts massive pressure on the business which is ran by people.
It's aggressive and destructive financial behavior.
By 2018, BlackStone and KKR controlled 33% of nation's hospital emergency rooms.
Nursing homes owned by private equity had a 10% higher mortality rate for residents.
When KKR bought Bayonne, NJ water system, the water bill rose by 28%.
Private equity is just ⅓ of the private funds sector.
Which is bigger than the commercial banking sector today.
They're operating from shadows and get debt with super low rates.
They can do this thanks to political donations and lobbying.
I hope you learned something new.
Without being controversial, this is a basic overlook at private equity.
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Remember, true wealth isn't just about money in the bank.
It's about creating a life you don't need a vacation from.
Investing in Airbnbs allows us to live our dream life every day.
What would you do with more free time in your relationship?
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This move raises some interesting questions:
- How might this impact the housing market?
- What are the potential economic effects?
- Could this influence immigration patterns?
- How does this compare to assistance for legal residents?
Supporters might see this as a humanitarian effort or economic stimulus.
Critics could view it as unfair or a misuse of taxpayer funds.
What's your take on this proposal?
How do you think it might affect California's housing landscape and beyond?
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You can transfer a trad. 401k balance to a self-directed IRA without penalties.
We'd also open a high-yield savings account with Wealthfront.
This is where we would keep our money in between exchanges and investing.
We get 5% APY with $8M FDIC insurance.
Step #4 Go into real estate
We'd start with the Bridge Method before buying a home or anything.
Re-renting a property as an Airbnb can make $2K-$3K/mo profit on average with our system.
This is how we'd scale our income from home.
Step #5 Retire financially free
We would keep working while doing
Airbnb until they replace our jobs.
With all the savings, we'd eventually start buying properties and a home.
Use creative strategies like assuming the mortgage, fed-backed loans, etc.
We would go for real estate
professionals for more tax benefits.
Build our credit score by adding each other as authorized users.
In the end, we would train assistants to manage most of our business for us.
I hope you learned something valuable in this post.
Follow@thelegacyinvestingshow for more content like this.
I'm sharing lessons I got by going from $0 to $15M in 7 years.
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I'm a 31 old real estate investor, entrepreneur, and business owner. I own 40+ rentals and have done multiple seven figure deals. I have 8+ years experience in Residential Real Estate, Short Term Rentals, Assisted Living Facilities, Flipping, Wholesaling, Rentals, Sales, etc.
We created this channel to show you that financial freedom isn't that far from reach. Our goal is to share:
- Investing strategies that you can implement
- Our experiences, both failures and successes
- Operating and owning businesses
- Up to date thoughts on the economy and where we're headed
- Personal finance tips and tricks
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