Why People Go Broke Buying Rental Properties

Thinking of jumping into rental properties but don’t have much cash on hand? You might want to rethink that strategy. In this video, I’ll break down why buying rental properties when you’re broke could be one of the biggest financial mistakes you make.

Rental properties might seem like a great way to generate passive income, but the reality is they often come with unexpected costs, vacancies, and repairs that can drain your already limited resources. If you’re struggling financially, these challenges can push you even further into debt.

Instead, I suggest focusing on active income strategies first, like flipping houses or wholesaling real estate. Let's dive deeper in this video

Timestamps:
0:00 - Introduction
0:27 - (Point 1) What is "active income" in real estate
1:36 - (Point 2) Risks of buying rentals when your broke
3:16 - (Point 3) Importance of Cash Reserves
5:06 - (Point 4) Reserve Fund Discipline
6:49 - (Point 5) Increase Reserves As You Grow
8:57 - Closing remarks

I Flipping This House without Spending a DIME: https://www.youtube.com/watch?v=XIh44b-o9JA&t=3s

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Did you miss our previous article...
https://trendinginrealestate.com/where-to-buy/how-to-find-motivated-sellers-amp-distressed-properties-shorts-flippinggenius