How to Buy a LAMBO by Investing $28k in Real Estate (Full Breakdown)

In 2015, I bought a rental house in Las Vegas for $113,000. It's been 5 years since I bought it, so I wanted to do a recap on my experience owning this property. This includes a full income and expense breakdown shown on a spreadsheet. The house is a 3 bedroom, 2 bath, 1988 built single family home. I financed it over 15 years and put down 25% in cash. This house was my first out-of-state investment property, as I was living in California at the time. As a fun segway, I'm covering how this house can buy me a $100,000+ Lamborghini. Some statistics and numbers are below, with much more information on detailed expenses and repairs in the video.

House Statistics:
Location: Las Vegas, Nevada
Type: Single Family Home
Features: 3 bed, 2 bath, 1988 built, 2 story, 2 car garage

The Numbers:
2015 Property Value: $113,000
2020 Property Value: $227,000
5 Year Income: $58,110
5 Year Expenses: $53,858 ($23k of this paid down by renter, full breakdown in video)

Hope this helps anybody that's looking to invest out of state! More videos to come on the process of investing out of state.

Contents:
0:00 Intro and Home Statistics
1:18 Income and Expense Worksheet
2:27 Repairs of 5 Years
3:43 Recap and 15 vs 30 Year Mortgage
4:29 Tax Shelter
4:54 Future Income Potential
5:14 Can I Buy a Lambo Now?
6:31 Considerations

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#realestateinvestment #financialfreedom #financialindependence

Видео How to Buy a LAMBO by Investing $28k in Real Estate (Full Breakdown) канала EdwardInTX