Creating Wealth with Real Estate: The Secrets to Equity and Cash Flow
00:00:00.000 | And then there's lots of ways that real estate makes you money. You can buy it for less than
00:00:03.200 | market value. You can't really do that with a stock. You can't go get a deal on Tesla stock
00:00:07.600 | or Apple stock and find some way to get it cheaper. You can add value to the property.
00:00:12.080 | You can make it bigger. You can make it nicer. You can fix it out. You can change its use so
00:00:15.760 | that it can be rented to people. That creates actual equity, which you can't do with a stock.
00:00:20.960 | There's nothing I can do if I buy Tesla stock to make that company worth more.
00:00:25.440 | And then, like Rob mentioned, it actually generates revenue. You can rent out spaces
00:00:29.600 | in that home. And when you do that correctly, you earn more money every month than what it costs to
00:00:34.160 | own the real estate. And that difference is what we refer to as cash flow, and that can replace