Comments by "Daniel Bradford" (@Falconlibrary) on "" video.

Long story short: 1. Don't get married and don't have kids; 2. Don't buy a new car; 3. Invest in indexed stock funds with low management fees; 4. Buy a fixer-upper house as soon as you can and improve it via sweat equity; 5. Buy a second fixer-upper house, fix it up, and then rent it out at a profit, sell it when the market is high and invest the proceeds in indexed stock funds. I followed my own advice except for getting married and had I not done that, I'd be rich today instead of merely comfortable. That first one is the most important, actually.
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@muskokamike127 Being a landlord isn't for everybody. If you don't have the money to keep it maintained, or the skills and time to DIY most of the maintenance, don't be a landlord. Buying, rehabbing, and "flipping" is a get rich quick scheme that can go very wrong, very fast. Buy and hold rental properties for the long-term.
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@Nolaman70 Just make sure you keep it properly maintained. Maintenance costs keep the value up long-term and also lower your tax burden now. I moved into one of my rental properties for a year before I sold it so I could take advantage of the tax break (and didn't pay a penny on the profit).
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@muskokamike127 Maintain a good property and rent slightly below the market, don't raise the rent much if at all--you'll keep tenants who treat the place as if it were their own.
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