Take advantage of these FREE multifamily real estate tips by successful Real Estate Investor Rob Rowsell. Learn from Rob how to wisely invest your wealth in multi-family rental apartments. Eventually, you can turn those profits into passive residual income. Subscribe on Youtube and soak up Rob’s Words of Wisdom!
Successful Multifamily Real Estate Investor Rob Rowsell outlines his Tax Reduction Strategy. The tax reduction program consists of four strategies business investors like you use to reduce their tax expenses. Remember, reducing your taxes IS a source of additional earned income!
Tax Reduction Strategy For Successful Investors OutlinedRob has spoken previously on how much of a wealth drain that tax drag can be. Some listeners request that he expand on his tax reduction strategy. It boils down to four principles:
Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community! Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite 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! Sign up today!
When is it okay for you to borrow from emergency fund savings? In short, Rob’s security bucket is in a high interest liquid account, which does not penalize him for making withdrawals. Sometimes, he will borrow small amounts from the fund for short term, small return investments. Of course, his wife Claudia approves each investment opportunity. She usually knows the other principals involved.
Borrow From Emergency Fund For Short Term InvestmentsDuring our Inner Circle Community Q&A Time, Joe asked Rob to clarify a facet of his security bucket strategy. Does he invest in a traditional bank for the advantage of liquid cash that is easy to withdraw?
Rob’s answer is yes. He likes the advantage of being able to borrow from emergency fund if needed. Rob invests in high interest accounts, eschewing low return options like CDs that also penalize withdrawals.
Occasionally, Rob will withdraw a small amount for short term financial investments. He only will do this if it is a safe investment with a high return. His wife Claudia also has a say in these money plays. Usually, she has met the folks involved in the investment and can vouch for their character. Soon enough, the cash will return to the emergency fund, with a little interest!
Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community! Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite 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! Sign up today!
Rob Rowsell is a successful multifamily real estate investor. He didn’t earn wealth by focusing on the wrong priorities. Here’s Rob’s Investor Report Card. If you’re not prioritizing your goals in the right order, you won’t live a fulfilled life. Prioritize your Walk with the Lord FIRST, then your Health, your Relationships, your Personal Development, and THEN your Wealth. Review this report card honestly every month. If you didn’t get straight A’s this month, no worries. This list will show you what you need to do to improve next month.
Investor Report Card – It’s Not Just About MoneyOne of Rob’s mentors, Robert Kiyosaki, often mentions an investor report card strictly in the financial sense. However, this report card takes a more holistic approach, examining Rob’s six pillars, in order of importance:
Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community! Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite 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! Sign up today!
A guest on Rob Rowsell’s ATL Inner Circle Community call asked why Rob made his choice in a “residential or commercial investment” quandary. In short, residential units were a proven commodity in this space. The bank would not loan Rob and his investors money to renovate and set up a commercial business on the property.
Residential or Commercial Investment? You May Not Have A Choice!Dave chimed in to ask about a property Rob detailed earlier. He asked why Rob chose to develop multifamily residential units, rather than the commercial business that previously operated there. What drove that decision? Turns out it was the bank.
Rob initially planned on renovating the space for a new commercial endeavor. However, the lending institution wouldn’t go for it. Despite plenty of research on what Rob and his team could charge for the business space, the previous owners never make the most of it. In fact, those investors had left the commercial space unfinished and inoperable, content with income from the second floor apartments. The previous history of underachievement scared the bank out of another commercial investment.
Rob and his investment team went back to the drawing board. They crunched the numbers on remodeling the downstairs commercial space into new multifamily dwellings. This time, the bank agreed to the loan, so the group could move forward. Despite being deep into a PSA, the new plan will actually generate more profits. Win-win!
Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community! Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite 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! Sign up today!
What is your emergency fund savings number? How much should you store in your Wealth Security Bucket to *really* be prepared for financial hardship? Rob Rowsell, successful multifamily investor, has the answers. It all comes down to what number you and your family can agree on to fund your lifestyle in the event of a catastrophic emergency, such as job loss, illness, or natural disasters.
Emergency Fund Savings Number – How Much Should I Save?Hans responded to Rob’s request for questions by asking about the “Security Bucket” concept. What kind of account does Rob recommend, and perhaps more importantly, what is the magic emergency fund savings number?
Rob previously mentioned he has two years of income saved up in his security bucket. What amount do most experts recommend, though? Simply put, Rob says it’s an amount that you and your spouse can agree upon, assuming you are married. Money is a point of contention in most marriages, so you will likely need to compromise. Although he is exaggerating, Rob says three months of income is fine by him, but his wife Claudia wants ten years! Obviously, their two year cushion compromise resulted from some serious haggling.
Many financial advisors recommend saving up six months of income as an emergency fund savings number. Your mileage may vary, depending on your own circumstances and risk factor. For instance, younger investors likely have a lot more runway left in life to take financial risks. Thus, they will have a lot more time to refill their security bucket when disaster strikes. Rob recommends the book “The Psychology of Money” for more in depth reading on saving for potential calamity.
Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community! Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite 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! Sign up today!
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