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Do you make a middle-class income ($70,000 or less) per year and want to invest in real estate? This is how you do it.
You don’t need a six-figure salary to buy your first rental property and start building generational wealth and early retirement. Dave is a testament to this, buying his first rental with barely any money, zero experience, and working as a waiter. If you’ve got a stable salary and some savings, you’re already leagues ahead of him. Today, we’re showing you how to put that money to work.
We used median income and savings data to create a complete middle-class investor plan to get you on the fastest (and safest) path to financial freedom. We’ll walk through three investing strategies anyone in the middle class can use to buy their first rental, define how much money you’ll need saved, what to do if you don’t have enough in the bank, and how to repeat the system to finally retire early with real estate.
Stop waiting, start wealth-building. This is how to escape the “middle-class trap” and move up the rungs to financial freedom even if you’re starting with a $70,000/year salary!
00:00 Intro 01:44 The “Middle-Class Trap” 03:44 Are You Middle-Class? 07:01 Sponsor: Fundrise! 07:12 Your First Rental 08:26 1. LOW Down Payment Option 15:10 2. Affordable Rental Option 18:18 Pro Tip to Find Money 20:39 3. Highest-Profit Option (Tax-Free) 25:25 Beginner Steps 31:03 Analyzing Rental Properties 34:37 Making Offers 36:21 Execute the Plan 38:26 Repeat and Retire Early!
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By: BiggerPockets Title: How to Invest in Real Estate on a Middle-Class Salary ($70,000/Year) Sourced From: www.youtube.com/watch?v=bzg0ysT-ahQ
