Comments by "Joe Swanson" (@joeswanson733) on "Real Estate Report" channel.

  1. issue is the higher cost of hte house the higher the property tax, insurance, maintenance if he's not renting out theo ther 2 properties. i estimated between teh 3 of his properties that we know of so far he will have to spend at least $1.50 million a year just to fulfill all 3 criterias and thats assuming the tax, insurance, and maintenance doesn't go up in teh future which it will. if it were me with that kidn of money i would have been happy with a 1-2 million dollar house for my primary residence. then get rental properties, apartment complexes, or wareouses commercial property to collect rent. but in theory if edwin doesn't spend recklessley if his money yields him a 5% return he will get at least 27 million a year in interest assuming he doesn't touch his principal should last him the rest of his life at least. if he were to just spend the principal if he doens't exceed 12 million a year it will last him 50 years.
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  2. another reason why you're seeeing more and more of your favorite actors celebrities growing up still working today and it's because they are so up to their eyeballs in expenses they can't stop working.
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