The Path to Passive Wealth Through Real Estate
Don’t think it’s possible? Here’s a key success story!
Step 1: Define your
goals
Start with why
Get very highly detailed with it. Not just “I want to retire early” or “I want to pay for my kids’ college” but how much money or assets do you want to have at that point, and when?
How do you want to spend your time when you get there?
What comes after you reach the goal?
You can massively increase your likelihood of achieving your goals by turning them into SMART goals. Take your time and define them.
Step 2: Define your
Assets
Not just your monetary assets...
Get very highly detailed with it. Not just “I want to retire early or “I want to pay for my kids’ college” but how much money or assets do you want to have at that point? How do you want to spend your time when you get there? What comes after you reach the goal?
Time
How many hours a day, week, or month can you dedicate to your wealth building? Even a few hours a week
Is there anything you could cut out to make more time for yourself?
Network
Do you know someone who has achieved what you want to achieve?
If not, are you willing to work on finding that type of person?
Knowledge
Do you know someone who has achieved what you want to achieve?
If not, are you willing to work on finding that type of person?
Step 3: Commit to
Consistent Action
Achieving goals requires putting in the work
Daily action looks different for everybody. The amount and type of daily action you can commit to depends on the assets you already know you have available. You probably have timewasting things you can look to reduce in your life – too much time on Facebook or Twitter, keeping up with too many reality shows, and so on.
What time wasters can you gradually remove from your schedule, and replace with more productive activities?
Selected Real Estate and FIRE Resources
Analyzing Investments
Why Investors Should Be Vetting Sponsors
Risk Mitigation for Real Estate Investors with John Rubino
Financial Independence Success Stories
Capital Allocation
Wealth Strategies of the Ultra Wealthy with Richard Wilson
3 Tiers of Capital Allocation for Multifamily Investors with Joel Florek
Finding Investment Real Estate Deals
Why Cash Flowing Real Estate is Better than Development
How to Increase your Cashflow Globally with Billy Keels
Passive Real Estate from a Private Capital Expert with Matt Faircloth
Remote Investing Success with Antoine Martel, the keys to Turnkey Real Estate
What are the Best Passive Real Estate Strategies?
First, let’s get one thing straight – “best” means what investment is best for you, based on your judgement after you’ve learned the options and the facts. Our aim is to present the options, resources, and education for you to learn and make the best decision for yourself!
Syndications allow passive investors to partner with active, experienced real estate teams and participate in private investments with 100% passivity.
Passive investors in syndications put in their work up front, in finding and vetting syndicators, reviewing deals, and accumulating investment capital.
Turnkey properties are investment properties that someone else has purchased, rehabbed, and prepared for another investor (you?) to step in, buy, and enjoy. Turnkey investors are responsible for making important decisions in their own investments, and use third party property managers to operate their properties.
Demystify Turnkey Real Estate Investing with Marco Santarelli
Investors can loan money to other investors for their real estate projects. This is typically a more advanced strategy! It takes quite a bit of experience and knowledge to mitigate the risks as a private lender, but it is possible. When done well, private lending can produce fantastic returns. Before you dive into private lending for real estate investments, learn what it takes to mitigate the risks.
Note investors become the bank! You can buy mortgage notes at a discount, hire a servicer to manage them, and if you do it right you can do very well. Learn from our expert guests and get started.
Triple Net Commercial real estate is the unseen whale of real estate investing. Triple Net Real Estate is all around you, but you may not realize it.
The big upside here is that for triple net property, the tenant covers the taxes, maintenance and insurance. That way you, the property owner, do not have to swewat anything day-to-day. The downside is that it’s tough to get into triple net property, and the market is quite opaque. Our expert guests will teach you how to get started!