Passive Income Real Estate Agent

Why did i choose real estate.

Passive income real estate agent. Yes i was a real estate agent and it may seem like the obvious choice but i purchased my first rental property in 2010 right during the housing crash most real estate agents told me i was digging my own grave investing in rental properties. Passive income doesn t mean you make money for doing nothing. Today i d like to talk about recurring income versus passive income and why i believe there is a difference. This level of passive income real estate investing is in stark contrast to what many people try to do when starting out in the real estate investing business.

When buying real estate for passive income taking out a loan is an obvious choice but don t overlook the benefits of leveraging retirement assets to create rental income. Now there are lots to ways to invest in real estate but let s take a closer look in particular at owning rental properties and why it s such a popular way to earn a passive income. A reit real estate investment trust is a type of passive real estate investment income. You have to invest time or money or both upfront to earn passive income as a long term reward.

Perfect for real estate professionals. Common passive income examples include business investments real estate royalties from videos movies songs books and a lot more that i will share with you today. In fact i believe their is a huge difference in your choice of words in that when it comes to real estate investing whichever phrase you choose will have a bearing on what you can expect from your real estate portfolio. The difference is that reit investments are all encompassed in real estate.

Of course as a real estate agent well investing in real estate can be an awesome way to make passive income but you probably already know that. Airbnb read our full airbnb passive income guide here is a great market for real estate agents since they know their city well. As a real estate pro you already know your market and have insider information to help you make smart investment decisions. It houses a variety of different investments within each fund.

And we have three passive income ideas that are ideal for real estate agents. I ll go through the process of finding leasing and managing your own properties below but you ll quickly find that it can be a part time job at the very least. This article is packed with tons of great information so be sure to pin it so you can refer back to it often. Passive income is the art of making money in your sleep.

In a sense a reit is similar to a mutual fund. Plus the cash flow will help stabilize your income during your slow season or even through a down market. Rental properties can be a great source of passive income once you get a rental up and running. I mention that because it ll take some effort at the start especially if you need to make some updates at the.