Long term rentals are not passive income. I know you want to prove all these people wrong by buying 100 doors that "cashflow" $300 per month, but don't do it. Take the money you were going to use to do your BRRRR method acquisitions and focus on active income. Build your active income until you have so much cash, you have no choice but to buy real estate to reduce your tax liability. I know you're in a rush to get out of your W2. I get it...it sucks. Clients are not fun to deal with, you're not happy with the direction of the company and you want to be able to do what you want, whenever you want, with who you want, exactly how you want to do it. Don't rush. Take all that extra money you were going to dump into buying houses and save it instead. Save it until you figure out what you want to replace your W2 income with. For now, figure out low cost ways to get started, either by working for someone else, bird dogging deals or white label someone else's products. There are low risk ways to get started. Focus on those routes. Read Ego is the Enemy. You may feel like you're humble, but you have parts of your personality that need to be put in check. Yes, you want the credit of owning 100% and being in full control. You'd much rather be a minority partner in a wildly successful deal than 100% owner in a stressful one. You don't know everything and that's ok. You may be willing to take on risk, but decisions you make now can end up slowing your growth in the future. You may learn a lot, but you can learn those lessons by bringing value to someone who's doing what it is you want to do in the market you want to do it in. You haven't figured out what you want to do yet and that's ok. You're going to save yourself a lot of headaches if you work backwards. Figure out what your strengths are. Take an audit of your current work experience, your education and what you enjoy in your day job now. Figure out what activities give you energy. That'll save you from throwing money at problems you're not willing to solve.

If you’re doing an AI automation agency search online and these two domains show up, where would you go first?

We're going to talk about leveraging AI and Opus Clip to blast 10 clips a day. We're also going to talk about YT short strategy and how to analyze the data to convert views to subscribers. Hope to see you there! January 13th 11 AM Eastern https://us06web.zoom.us/j/89036340079

Hi All, I have brand new in box Beats Solo Buds I'd like to give away. I prefer the regular, wired iphone headphones from years ago, because I'm boring like that. I'd like to give away the headphones to someone in this group. If you're interested, please let me know. I'll put your name into a drawing. Thank you!

I came across a question in one of the facebook SDIRA groups about required minimum distributions (RMDs) and non-liquid assets. For those of you who don't know, when you get to a certain age (73), you're required to take distributions from your retirement account. The question was about how to take RMDs if all you hold are non-liquid assets like real estate. This was the answer: You can have an asset valued and then distribute a portion of the asset at a time to the owner. The asset doesn't have to be liquidated. They would need to consult with legal to structure the ownership changes considering the asset is going from being owned directly by the IRA and now a portion being owned by the individual owner and IRA until fully distributed. Or they can distribute from other retirement accounts that they have in cash or that are easier to liquidate to meet the year's RMD