Hello and welcome to another episode of Passive Real Estate Investing. I'm your host, Marco Santarelli. Well, I wanted to take a little bit of time this Saturday afternoon to record a relatively quick episode on the power of owning just one rental property. You see, a lot of investors discount the impact that having or owning one single rental property has on their life and their future, especially their financial future. They just simply discount it and either don't do anything or they don't get started, or they just don't look into it any further. I believe that everyone should own at least one rental property. Owning real estate simply means that you have an income generating asset that will continue to generate income virtually forever. Unless you destroy the property, burn it down, or sell it, you'll always have this income producing asset that will work for you as long as you maintain it.

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It will constantly generate income and generate wealth for you and your family and your generations for many, many years to come virtually forever. So of course, you know you'll have turnovers, which means you'll have some downtime from time to time, but that's normal with income producing real estate, any kinda real estate. When you have a tenant and a lease, you will have vacancies and you will have downtime. But don't focus on that. That's a minor fact and course of business in owning income, producing real estate. But think about this, if you purchase the property and you use leverage, which is what 99% of real estate investors do, and you leverage your investment capital and you have a mortgage, let's just say you don't pay the mortgage off for 30 years, at some point you'll pay it off. Some people pay it off early as as little as seven years.

But regardless of when you pay it off, once you pay off that mortgage, your rental income becomes pure profit, of course less the expenses on the property. You have some maintenance and you have property taxes. And, and if you don't self-manage, you'll have property management, but you will have some expenses. But once you pay off that mortgage, that rental income coming in is practically pure profit. It's just income for you. So the fact is, is that your first property can lead to significant cash flow and appreciation and tax savings, but that is not really what sets you free. All that is powerful and wonderful. But the truth is, is that most people who want to invest in real estate, they never get started. They educate themselves, they learn about it, they want it, but they just don't get started. They either lose interest when a great deal's presented to them, or it isn't handed to them immediately, or they get stuck in this analysis paralysis, which is something that I suffered from long ago.

They start looking at different deals they're unable to analyze, they're unable to pull the trigger when the, the deal makes sense and everything checks out. But they, for whatever reason think that oh, they're, they must be missing something because everything looks good, everything is right, the all the check boxes are checked, but they're just not a hundred percent sure. And I don't think anybody ever will be 100% sure about any investment. But once they find a good deal, they just don't pull the trigger. And that's just analysis paralysis. So they either don't get started, they lose interest, or they get stuck in this analysis paralysis mode. But this is why I feel that the most important thing to do is to find a good deal or a decent deal and just move forward with it. Just buy it, invest in it, cut your teeth on the education, learn everything you can through the process, because believe me, it gets easier with each and every deal and then it becomes second nature.

But let me make something clear.