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Lucas Walls and Brian Schroeder from Fast and Freedom discuss the five principles of becoming a real estate millionaire. The first principle they discuss is leverage, which refers to the ability to put a loan against a property. They also mention the power of compounding, cash flow, control, and tax benefits. Walls and Schroeder use as much leverage as possible to buy houses and create cash flow, aiming to stay at around 75% loan to value to continue growing their portfolio. They also discuss the importance of positive cash flow in real estate investing, aiming for at least $100 per month per door for multifamily investments and $200 per month per door for single-family houses. They emphasize the control that real estate investors have over their investment, including the ability to physically inspect the property, make updates or changes, and create equity out of thin air. They also discuss the many tax benefits of owning real estate, including depreciation and capital gains tax rates. Overall, they believe that real estate investing is a powerful tool for building long-term wealth and encourage viewers to share their favorite power of real estate principle.
Lucas Walls and Brian Schroeder from Fast and Freedom discuss the five principles of becoming a real