This is how to make $5,000 per month in passive income from rental properties on an average salary, starting with little money. You don’t need to have any real estate investing experience to follow this blueprint, but if you’ve already started investing, you could (and probably will) get there faster. How much money do you need? How long will it take? Which properties should you invest in? We’re sharing the complete blueprint in this episode.
Financial freedom is the goal for almost every real estate investor; the way you get there is by having consistent cash flow that can pay for your life. Would $5,000 per month ($60,000 per year) in passive income make your financial freedom possible? If you’re like most Americans, there’s a good chance it would.
Dave is walking through how to get there in less time than you’d think, so you can retire decades earlier and live life free from the pull of a paycheck. Want more than $5,000 per month? You can use this same blueprint and math to get to $10,000, $15,000, or $20,000 per month through real estate investing.
In This Episode We Cover
How to make $5,000 per month with rental properties (and retire much sooner)
The simple calculation that will tell you how much money you’ll need to invest
Why you should not focus on cash flow first if you want to reach financial independence
The types of investments that will multiply your money faster
How to switch from more active to passive investments so you can “harvest” your cash flow
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1158
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