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LIVE Q&A with Michael is happening in 5 days
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JUST JOINED? ☞ START HERE
1. Download the mobile app (Skool) 2. Mark Emails from this Skool as "Important" 3. Visit the Calendar page and add events to your Google Calendar 4. Sign up for the Monthly meetup 5. Write an Introduction Post in this thread 👇🏼👇🏼👇🏼 - name, origin, and your reason for joining. Now, Let's get some deals done!
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New comment 8d ago
JUST JOINED? ☞ START HERE
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🚨 Whats happening in November? (+ Community Feedback)
WHAT DO YOU WANT TO GET OUT OF THIS COMMUNITY? COMMENT BELOW. Coming soon: November - Guest Speakers Incoming! December - TBD Lastly - vote on the poll below to share what investing style you are interested in?
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New comment Sep 28
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❓ What is the HENRY method?
TLDR: The HENRY method prioritizes growing Net worth over Cash Flow (at least at the beginning of your investing journey). There are three pillars in the HENRY real estate investing method. 1. Make (High) Active Income 2. Avoid Taxes on Active Income 3. Re-Invest Tax Savings You are in this group because you have already achieved the first step in the HENRY method. Steps 2 and 3 become more enticing for people with large tax bills - which is why this strategy is more effective for HENRYs than it is for lower income earners. Let's assume you use the HENRY method to avoid 50% of your $80,000 federal income tax liability for that year (I successfully avoided 98% of my federal income tax liability of 80k in 2022 - and yes, I worked with a tax professional). That means you would've saved $40k in taxes - which you can now re-invest into other assets. 💥 BOOM! 💥 Now imagine what that would look like if you did this every year for 5 years. Lower-income earners looking to invest in real estate prioritize cash flow - their goal is typically 10k a month in passive income. Now, that's not a bad goal to have - I'd argue that is the END goal - but it shouldn't necessarily be the initial focus for HENRYs. **The HENRY method prioritizes net worth growth over just cash flow by analyzing a real estate investment on a holistic level considering tax savings and equity growth - and not just cashflow, cashflow, cashflow.** In other words: "The goal isn't 10k in cashflow in 5 years - the goal is a net worth of $3,000,000+ in 5 years" This should be everyone's goal - because if you can achieve a net worth of $3M (or more) in a short period of time, you can always "trade" your assets (while avoiding any taxes) for highly cash-flowing assets. (And cashflow much more than $10k a month). The end goal is the same - but the HENRY Method is ideal for High Earners because:
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New comment 14d ago
Joshua Tree, CA. Unique high producing STR!
63982 Chollita Road, Joshua Tree, CA 92252 Glamping trailer, gorgeous outdoor space. https://www.airbnb.com/rooms/52268086 Comes fully furnished. On target to earn 140k by year end. (Seller stacked terms in his favor, I would offer different terms, down seems most important to him). Price: 599k Down: 240k Interest Rate: 8% Seller Financing: 359k PI: $2,634.21/mo. Taxes: $1000/yr. Insurance: $2600/yr. Not quite the right deal for you? Check out my Available property folder for more options.
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New comment 2d ago
$300k Profit Fix and Flip Deal Analysis
Here's the live call with @Vinh Tran on his latest flip deal in SoCal that will profit $300k in just 3.5 months!
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$300k Profit Fix and Flip Deal Analysis
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The HENRY Investor
skool.com/the-henry-investor
A Community for High Earners but Not Rich Yet (HENRY) to Network and Learn about Real Estate Investing.
Founded by Michael Hyun
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