The Power of Multiple Income Streams: Antonio Cousin’s Success Story!

In this episode of the Aid to Assets podcast, host Tiffany Watson interviews Antonio Cousin, from being a bank examiner to full-time real estate investor and broker-owner, delving into the intricacies of real estate investing and personal finance.

Antonio shares his journey from selling his house in Dallas and using the profit as seed capital to his disciplined approach to managing a full-time job alongside his real estate endeavors. He discusses the importance of understanding the numbers in both residential and commercial real estate, setting strategic goals like acquiring one property per year and leveraging different income streams for financial independence.

He also emphasizes continuous learning, aiming for the CCIM designation, and giving back through financial literacy education.

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Key Takeaways
00:00:00 Aid to Assets Introduction
00:02:15 Antonio’s Portfolio
00:03:07 Fear of Taking Action
00:03:49 First Real Estate Purchase
00:05:30 Overcoming Fear and Regrets
00:11:58 Managing Time and Discipline
00:16:27 Goal of Purchasing One Property a Year
00:17:25 Taxes and Personal Finance
00:18:14 Investing Seed Capital
00:19:01 Wealth Building and Generational Impact
00:20:26 Financial Education and Community Outreach
00:22:20 Networking and Bridging Knowledge Gap
00:24:00 Commercial vs. Residential Investing
00:25:38 Educational Resources
00:27:16 Creating Passive Income Streams
00:30:40 Work-Optional Lifestyle
00:32:44 House Hacking
00:34:07 Financial Preparation for RE
00:34:16 Big Deposits and Loan Preparation
00:35:30 Tax Benefits
00:39:23 RE Investment Strategies
00:40:20 Expanding Real Estate Portfolio
00:42:24 Syndication and Networking
00:46:48 Deal Analysis and Investment Ratios
00:50:57 Personal Finance and Lending
00:51:25 Vision for the Business
00:52:03 Commercial Focus and Education
00:52:55 Financial Goals and Passive Income
00:53:46 The Financial Flows Podcast
00:54:09 Connect with Antonio

Quotes
“I let fear prevent me from buying for 11 years.” (00:03:49)
“I was just scared to pull the trigger.” (00:04:47)
“I was stressed out and then something happened at work… I refused to let people tell me what to do anymore.” (00:09:55)
“I love personal finance… I knew that if I wanted to get wealthy, based on my readings and my job as a bank examiner, I had to invest.” (00:18:27)
“Success leaves clues… I’m breaking generational curses in my family, seriously.” (00:19:01)
“How much money does your employer have to pay you to forget about your dreams? (00:31:41)
“Depreciation—that’s the game changer in my opinion. That’s one of the ways that people don’t really know about, but it’s essentially whenever you buy a residential property, the government allows you to depreciate it, meaning you can have paper losses on your taxes.” (00:35:56)
“So let’s say we’re making $11,000 a year on that property in cash flow. Now, I only got to show a $1,000 income for that particular property because I just wrote off $10,000 in depreciation. It’s on paper, but I actually had $11,000 in my pocket in actual cash.” (00:36:52)
So if I’m locking in a 30-year term loan, right, and let’s say $1,000 a month, we can both agree that in ten years, that $1,000 is not going to be worth the same as far as my purchasing power. But I’m still paying them back $1,000 even though inflation is going up over that time.” (00:38:31)
“I want to get that CCIM designation because, mainly, I like to learn, but secondly, whenever the agents that I partner with have commercial-related questions, I want to be able to answer them.” (00:52:10)
“But I do want to get to that $15,000 a month in passive income from properties.” (00:52:55)

Connect with Antonio
https://www.instagram.com/cousinsellsla/
https://www.facebook.com/cousinsellsla
http://www.gotincomestreams.com/
https://www.service1stre.com/

Resources and Links
Rich Dad Poor Dad: https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194
The Road Less Stupid: https://www.amazon.com.au/Road-Less-Stupid-Keith-Cunningham/dp/0984659269

Let’s Chat About Your Goals!
Book a Call Here: https://calendly.com/aidtoassets

Connect With Tiffany 🎙️
Linkedin: https://www.linkedin.com/in/watsontiffany/
Instagram:https://www.instagram.com/aidtoassets/
Facebook: https://www.facebook.com/tiffany.aid.to.assets
Website: https://www.aidtoassets.com/

Music Credits 🎵
Music from #InAudio: https://inaudio.org/
Track: Upbeat Corporate Podcast by Infraction [No Copyright Music] / Marketing