May, 2023

Purchase Sales Agreement (PSA) | Real Estate Property Review

When you are interested in a real estate property, make sure you do your due diligence. Specifically, Rob talks about the Purchase Sales Agreement, in addition to past financial documents from the current and previous owners. Rob reviews what should go on a PSA, so we make sure the agreement is thorough before we purchase. Comb through all of the documented repairs, receipts, and other expenses, so you’re not left holding the bag later!

Purchase Sales Agreement – Putting the Property Under the Microscope

So you think you’ve found the ideal investment property. Everything looks great on the surface. The price is within your budget. Curb appeal is on point. You’re potentially entering into a turn-key operation, and won’t have to replace any staff. Now, the real work begins.

Before committing to this real estate investment, you need to put together a Purchase Sales Agreement. Sounds simple, right? Well, get ready. You and your team will be reviewing past financial statements, repair contracts, legal disputes, and more. You name it, and you could be on the hook for it! The Purchase Sales Agreement is the most important in a series of hoops you will jump through before purchasing your dream rental property. It will pay off to be as thorough as possible and get outside help in evaluating the property.

Join Our Community

Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the Addicted To Life Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Enroll today!

May, 2023

No Job – Investment Income Only!

How close are you to absolute financial freedom? Rob Rowsell talks about how to grow your money and live off of investment income only. Rob has transitioned from a multiple business owner to a multiple family real estate investor. Who better to take advice from? Rob has learned the hard way how to avoid unwise investments and do his due diligence to ensure his income only comes from his properties.

Tasks to Transition to Living Off of Your Investment Income

Rob starts off the clip laying out his current financial situation. He no longer holds a conventional “W-2” job. Therefore, he depends solely on his apartment holdings to generate cash. Reinvesting that cash wisely is his key to maintaining financial freedom.

Do you still have a full time day job? You can still take steps to eventually fund your lifestyle solely from investment income. If you dedicate just eight hours per quarter to your investments, you are well on your way.

We talk often about the Vitality Spreadsheet. Examining this document will help you determine the income amounts you need in order to meet basic needs, then live with vitality, and, finally, achieve total financial freedom.

You must take time to thoroughly vet potential property investments, while reviewing your numbers with a fine toothed comb. If that sounds like a part time job, that’s because it is! However, performing your due diligence will pay dividends for you and any potential investment partners down the line.

Join Our Community

Do you invest in real estate? Planning on transitioning to living off of that investment income? Then you should consider joining our online discussion group, the Addicted To Life Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Enroll today!

Apr, 2023