Corsini Real Estate

09/30/2021

In our country there’s been a lot of talk about a wealth gap between different races and socioeconomic statuses. If you look at the numbers, the divide is incredibly huge, but it's not just an earning divide. In order to create generational wealth you need to invest in real estate and own real estate. It’s the one asset that you can keep passing down over generations and generations and it keeps appreciating and appreciating. You can buy a house with a very minimal down payment and after thirty years end up owning 100% of that house and that asset can be passed down to your kids, and they can pass it down to their kids. If each generation buys one house, by the tenth generation they will own 10 houses. Even if all the houses are only worth $300,000, that eleventh generation will have a net worth that’s passed down to them of $3,000,000. Now, over 10 generations I’m sure prices of everything will appreciate considerably, so it’s not crazy to think they could end up with at least 7,000,000 or 8,000,000 of net worth.

So, the way I see to tackle the wealth gap that we have in this country and put an end to generational poverty is actually to create generational wealth in those areas that aren't used to owning their own home. Teaching them the importance of land and real estate because real estate is wealth. They aren’t making any more land, well maybe some volcanoes are, but that’s a different story.

What legacy are you leaving behind for generations to come?

09/29/2021

What if I told you that you could get paid to live in your house? Or at least live rent free? I know what you're thinking, “Dave, what are you talking about?” But I'm serious! What if I told you that you could actually get paid to live in a house that you buy? Well, that's actually what happened with me and my 4 family that I purchased. The rent coming from the other three apartments more than covers all of my expenses for the house (mortgage, taxes, insurance, utilities). I actually get paid every month to live there. I’ve sold houses to clients and friends where they are at least living rent-free. It’s not a utopia if you know what you're doing.

I always suggest to people to buy a multi-family as their first home because that way, later on after a year or two, if you really want to buy a single family house, the rent coming in from that multi-family home can actually help you pay for the mortgage and expenses on your single family house. I mean, I go so far as to suggest to people to buy a four family, then move down and buy a three family, then a two family, and then after that a single family. In the span of five, six, seven years, you could end up with ten units and guess what? All of that money is a really nice retirement fund for when you retire. If you get a 30 year mortgage when you're 30, or even 35, by the time you're 65 that'll be completely paid off and you can either completely make all the cash flow or you could even refinance the house and pocket all of that money without paying any taxes on it because refinancing your home is not a taxable event. If you do it the right way, you don't have to put down a huge down payment every single time. Sure, you may not live as comfortably right away, but in the long run with all the money coming in from all those units and all of those houses appreciating you'll definitely have a more comfortable retirement. Isn’t that more important? Most people want instant gratification, but isn't it the goal to get more wealth down the line? And you’d want to live more comfortably the older you get, wouldn't you?

What are your thoughts on owning a multi-family house?

09/23/2021

Look in the mirror and you can either see your best friend or your worst enemy. You either master your mind or you will be mastered by it.

You can allow your mind to control you and tell you how bad a situation is or how mad/sad/scared you are, but that doesn't help you find a solution for the problem. Einstein said, "We cannot solve our problems with the same thinking we used when we created them."

You'd rather solve your problems than make them worse, wouldn't you? Well, check out how in my new blog post (link in the comments below)!

09/16/2021

Remember to relax and soak in even the small moments.

09/13/2021

"He is not a full man who does not own a piece of land." - Hebrew Proverb.

If you could live anywhere in the world, where would it be?

09/12/2021

Just think about it, all of the wars that have been fought over the years. What were they all over? Land and resources that are found in land. essentially real estate is just land, isn’t it? It seems like a lot of people right now with Bitcoin, stocks, and with everything have been putting a lot of their money there and have been missing a really crucial aspect of investing and that’s real estate. I mean, think about it, the Roman Empire was one of the greatest Empires because it controlled the most real estate. Genghis Khan is considered one of the greatest conquerors of all time because he controlled all of Asia and all the way into Europe, he essentially owned all of the real estate. Alexander the Great was great because he owned tons of real estate. Why are wars fought? Because people want to own more land and especially land that is more valuable. You can call it gold, you can call it oil, you can call it whatever you want to call it, but all of those resources are in land. Aren’t they? So, the true value is owning land that is valuable.

A small lot in New York City can sell for well more than a whole acre in the middle of nowhere. That’s because real estate is power, but location of that real estate is also important.

How much real estate or land do you own?

09/11/2021

Why were you drawn to real estate?

09/10/2021

Words are magical. That’s why the assembly of words is called spelling. You are casting spells with the words you use. Are you using white magic or black magic?

Learning the power of the words I use changed my life! I started to manifest positive outcomes easily and effortlessly. I also started to attract a lot more positive energy into my life. One spell could change your life forever….

Find out about the power of words in my first blog post!
https://www.coachwithcorsini.com/blog-directory/wordsaremagical

Words are magical. That’s why the assembly of words is called spelling. You are casting spells with the words you use. Are you using white magic or black magic?

09/06/2021

I am so thankful for my growing family and we are all so excited to meet little man soon. This year has been a crazy ride beyond my wildest imagination, but in the best possible way. I'm just so grateful to have found my partner and the woman of my dreams.

Anything is possible if you believe that anything is possible.

What's your crazy dream?

09/04/2021

If you could do anything, anywhere, without fear, what would it be?