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During law school, I purchased an apartment complex using a strategy involving multiple credit cards for cash advances. It was a rundown complex that required extensive renovation, and it took about five to six years before I started seeing returns. I realized I could achieve much higher returns by investing the same capital in my law practice or other active businesses, yielding returns of 100, 200, or even 300%. For those considering real estate as a passive investment, my advice is not to rush into it too early. Focus on building your active income first until you can comfortably allocate funds to valuable assets without relying on that money for daily expenses. Concentrate on growing your active income initially, and passive income will follow. #RealEstateInvesting #PassiveIncomeStrategy #FinancialWisdom
Duration: 61 sPosted : Sun, 21 Apr 2024 11:00:15Views
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