How to Make Money on the Side as a Side Hustle

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The coast-fai strategy of compounding houses is like a starter culture. You put in that energy upfront, you start the flywheel and then let it continue to spin. And so after you acquire at a rate of one property per year, you do that for, let's say, an additional six more years. The drawback is that it takes 20 years to own 10 properties, free and clear. That is the residual income approach. It can be done on the side as a side hustle while balancing a full time career.

#455: Yvette recently retired with the goal of reaching a $10,000 monthly income from her real estate investments. Should she put her money toward debt payoff or portfolio expansion?

Carly wants to buy a second home and convert her current home to a rental. What are the pros and cons of tapping into existing equity versus saving cash for a down payment?

An anonymous caller plans to move back to her touristy hometown in six to seven years. Is it smart to buy something now and take advantage of a thriving Airbnb market?

I tackle these three questions in today’s episode.

Enjoy!

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