191 – Is it right to start rent to rent right now in a recession? I speak to many people and this question keeps coming up.
I’m going to break it down for you.
If we agree that there is an economic slowdown hitting many, what does that mean for rent to rent?
Firstly, when there’s a recession, there’s always massive opportunity to increase your wealth.
If you do what the masses are doing, you get what the masses are getting. And in this time, many people are facing - financial worries, lack of control, uncertainty about your job and your mortgage or rent costs because really thing seems to be going up.
Now is definitely the time to start a side hustle.
A side hustle is another source of income.
Every source of income you have makes you more resilient, which makes you more powerful and gives you more freedom.
Before I started in rent to rent, I had one source of income - my job. If that went, that was 100% of my income gone.
But in the past 7 years that has totally changes - now I have:
- Income from our rent to rent business.
- Income from our owned property portfolio.
- Income from our mentoring business.
- Income from our coaching business.
- Income from stocks and shares.
Ask yourself, do you really want to make change and get started in rent to rent?
Go ahead and take all new information and ask the ultimate authority, the one who has your best interests at heart, the one who knows you inside out. Ask you!
If you want to do it.
Do it!
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