Key Takeaways:
1. The decision of whether to buy an investment property or a primary residence depends on individual circumstances and goals.
2. Building equity in an investment property can help increase housing affordability by adding another stream of income.
3. Investing in up-and-coming areas can lead to significant appreciation over time.
4. Stability and security are important factors to consider when buying a primary residence, especially for families with children.
5. Being an early adopter of a community can provide opportunities for growth and potential financial gains.
Quotes:
- "If you can get in, get in." - Rob Lewis
- "The best bank account ever, especially when other people are putting money in the account." - Rob
Chapters
| **Timestamp** | **Summary** |
| ------------- | ----------- |
| 0:00:01 | Introduction to the podcast and sponsor |
| 0:00:46 | Phillip and Rob discuss whether a first home should be an investment or primary residence |
| 0:02:03 | Rob shares his perspective on the importance of stability and security |
| 0:03:34 | Phillip discusses the benefits of buying an investment property first |
| 0:07:27 | Rob explains how rental income can help with housing affordability |
| 0:09:14 | Phillip suggests a strategy for making a primary residence a good investment |
| 0:10:48 | Rob talks about being an early adopter of a community |
| 0:12:07 | Phillip mentions the advantage of knowing about development and growth |
| 0:13:16 | Rob provides his contact information |
| 0:13:39 | Closing remarks and contact information for Phillip |
Powered by Robert Lewis, Jr. at Ink Realty and Stone Hill Wealth Management
https://ink-realty.com/
https://stonehillwealthmanagement.com/
Join the Wealth Building Made Simple newsletter:
https://www.wealthbuildingmadesimple.us
Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
Replay: How to deal with people acting funny as your wealth grows
Wealth Mindset: The Universal Algorithm of Money (and Life)
Business: Insights from studying Apple Computer as a start up
Innovation: The future of manufacturing
Investing: Deflation trends towards abundance
Investing: Why banks keep failing in this environment
Investing: Buying Louis Vuitton as a bet on NFTs
Business: Embracing technology in your business
Investing: Emotional Intelligence is really all you need in investing
Real Estate: Building your real estate empire in the new world
Media: The intersection of NFTs and podcasting
Investing: Inflation is good for the future, not so much for the past
Business: Using ChatGPT in accounting
Finance 101: The nuts and bolts of how our economic system is financed
Real Estate: Turning homes into NFTs on the blockchain
Media: The economics of podcasting
Investing: The Lost Decades and what to do about the one around the corner
Business: How property and casualty losses affect the bottom line of a business
Wealth Mindset: Don’t chase the desires of your heart...Attracting them feels much easier
Real Estate: China, Russia, and OPEC’s impact on the Texas Real Estate Market
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast