Real estate in California is often an unattainable goal for many people, and as prices continue to go up, so do the down payments. Yet, so many Californians know that real estate is what builds long-term wealth, especially now that the Fed has printed trillions of dollars to stimulate the economy. Increasing the money supply generally drives up asset values further. That’s great if you already own real estate but makes it even more difficult to get in if you’re just starting out.
Today’s guests knew they couldn’t afford a home in the San Francisco Bay Area but they wanted to get into real estate anyway. So three years ago, Erik and Jodie Carlson dove into the learning process, reading lots of books and listening to podcasts. After about a year, they jumped in and started buying single-family rentals located no where near their home in the Bay Area, a home they rent by the way. They are going to tell us how they did it on today’s Real Wealth Show.