Jan 18, 2020
There is a huge transfer of wealth from the Baby Boomer to Millennials. How can they best look after their new-found wealth?
The 2008 crash had a lot to do with speculation. House rich and cash poor. When the value of the houses dropped, it was very easy for them to walk away.
When you have an income-producing house, the house doesn't care what it is worth. Because it is always making money.
Bill shares a powerful strategy for home buying.
They discuss real estate related funds that non-accredited investors can invest in.
When you get an inheritance, don't go out and blow through it. Your job is to die before you run out of money.
The ideal situation is to buy something that always pays an income without cutting into the equity.