Grow Wealth Through Real Estate
There are many advantages to working for an employer, from healthcare benefits and pensions to paid holidays, vacations and a secure paycheck. However, for many individuals, there are downsides as well, and the biggest one is not having total control over your own future. For those who are looking for a stable income as well as taking control of their own destiny, transitioning to full-time passive investing in real estate is a viable alternative. I can say this from personal experience as I left a comfortable corporate job in the tech industry to become a full-time passive investor, ultimately becoming a syndicator and operator of multifamily properties across the U.S.
If you’re willing to give up the security of a steady paycheck and benefits in exchange for an opportunity to earn an income based on your efforts, passive real estate investing could be for you. Certainly, there are many pros and cons to consider, and there are also risks that need to be evaluated, but there are also rewards that can far outweigh risks. If I’ve piqued your interest, then read on as I discuss finding success as a full-time passive real estate investor and offer a look at how to get started.
What Is A Passive Investor?
Passive investing simply means you invest your money in a real estate deal, but you’re not involved in any way in the management or operation of the property. Instead, you pay others to manage things for you. Otherwise, you’re considered an active investor.
If you purchase a single-family home as a rental property, for example, if you are the person who collects the rent from tenants or calls in repair people, then you are not a passive investor. Most passive investors invest their money with syndicators, funds or REITs and let professional companies manage the assets from start to finish.
Make Plenty of Passive Income Love Passive Income? – Buy this pair of REITs and watch the dividends roll in. Real estate investing has long been a proven path to prosperity, but it also can involve a lot of upfront investment and then time and/or money spent on managing those assets. Then there’s passive income, […]
Property Data Benefits and Walkthrough: Property Data Benefits and Walkthrough – So one of the things we do extremely well in our investment business is generate a ton of leads. We generate about 50 leads a week of qualified leads. That means people, that two tiers. One, either they’re in mass of amount of pain […]
Short-Term Rental Investors Have you ever had the feeling that you can’t catch a break? American homebuyers are definitely starting to feel that way. Short-Term Rental Investors – Have you ever had the feeling that you can’t catch a break? American homebuyers are definitely starting to feel that way. In addition to rapidly rising interest […]