Comments on: The Case for Real Estate Investing as The Best Vehicle for Financial Freedom

By: Why You Must Have Passive Income to Become Financially Free

Why You Must Have Passive Income to Become Financially Free — Fri, 26 Mar 2010 17:05:13 +0000

[...] of people who have been given the wrong map think that to realize financial freedom they must go to college, get a good job, and work to make more and more money. They scrimp and save [...]

By: Real Estate Investing Links for December 2, 2009

Real Estate Investing Links for December 2, 2009 — Thu, 03 Dec 2009 19:52:47 +0000

[...] Mentor Damon Janis recently won a contest from One Family’s Blog for his article on “The Case for Real Estate Investing as the Best Vehicle for Financial Freedom.” Way to go [...]

By: Steve

Steve — Thu, 24 Sep 2009 11:55:03 +0000

Matt,
1. Yes. However, many of us sell our own property and save massive amounts that way. The bigger cost is tax and that is avoided completely by the 1031 Exchange.
2. Yes. Part of doing business. Shop at least 3 banks and get your best deal. Lines of credit from banks are great too and carry almost no costs by comparison.

By: Matt

Matt — Wed, 23 Sep 2009 20:08:57 +0000

I’m a brand new member to LSU, but really enjoyed this article. I’ve been reading as much as possible since I signed up a few days ago.

I have two questions:
1) Aren’t realtor fees and closing costs also major factors in capital gains.
2) If you refi to capture equity, don’t you also have refi costs.

By: Amber FitzPatrick

Amber FitzPatrick — Tue, 26 May 2009 19:17:28 +0000

Damon I must admit I put off reading this article until now because “I didn’t have the time.” To my surprise this was such an easy read! You’ve definitely left me wanting more and I look forward to reading Financially Free in its entirety!

By: PG

PG — Wed, 20 May 2009 21:49:32 +0000

This is great!! A very clear articulation of real estate concepts. This will be a primer, Real Estae 101, if you will. Just think of all the people that really need to read and understand this!! Every teen ager should read this.

By: Judith Z.

Judith Z. — Tue, 12 May 2009 12:43:27 +0000

Thank you, Damon, for making the complex so simple to understand. Whay would anyone not use real estate investing to build their personal wealth so that they can afford to do the things in life that are important to them?

By: Damon Janis

Damon Janis — Mon, 11 May 2009 17:57:00 +0000

Thank you Bill for the correction (I’ve updated the manuscript to take off the /mo — it should be $24,000 since it’s the annual cash flow).

I’m so glad you found the chapter explained the subject material well.

By: Bill

Bill — Mon, 11 May 2009 17:51:35 +0000

I have a comment about one of the items:

The numbers look like this:

Total annual cash flow: $24,000/mo ($200 * 12 * 10)

Either the cash flow should be $2,400/mo (not $24,000/mo) or drop the “/mo” and leave the $24,000.

All of the numbers are correct; however, as it is stated, it intimates that the investment would cash flow $24,000 per month if one reads the “/” as “per” instead of “divided by”.

Just a suggestion on clarity. Easily, I could be reading it wrong.

Otherwise, this is one of the most articulate pieces I’ve ever read on the subject. I can’t wait for the release of the book. Bill Edwards.

By: Kelli

Kelli — Mon, 11 May 2009 17:43:27 +0000

I was fortunate enough to be asked by damon to read the manuscript and offer editorial commentary. I tell you what ended up happening – was I actually was blown away after reading familiar concepts in a clear and refreshing way – that spurred me to action! I now am an equity partner in two multi family deals and I have two sf houses under contract. Thank you damon for writing such a great book!!

By: Stephen Davis, Host

Stephen Davis, Host — Mon, 11 May 2009 17:18:52 +0000

Well put and very clear.

Most people are so locked in to speculation (buy low sell high model) that they don’t even realize how real investing works. I think this clears it up.

Thanks to Damon!

Sincerely,
Steve

By: John

John — Mon, 11 May 2009 13:57:32 +0000

I think Damon has a good potential for his own radio show, on this topic.

John.

By: Dominican Resort

Dominican Resort — Mon, 11 May 2009 05:32:05 +0000

Through this blog i come to know the list of reasons why real estate works so well to build wealth and financial freedom. This blog is quite informative.This will truly help someone to invest in real estate.
Thanks for such a good blog.