639:Passive Income (Without the Properties!) by Investing in REITs w/Matt Argersinger

7 snips

Jul 24, 2022

In this engaging discussion, Matt Argersinger from The Motley Fool shares his unique approach to real estate investing through Real Estate Investment Trusts (REITs). He reveals the simplicity of investing in REITs compared to traditional rentals, emphasizing the allure of truly passive income without the headaches of tenants. Matt explains the benefits, key metrics, and strategies for new investors, while also reflecting on the importance of emotional detachment in investing. Get ready to see real estate in a whole new light!

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

ANECDOTE

Early Airbnb Success

Matt Argersinger and his wife bought a row house in Washington, D.C., and rented out the basement apartment.
They experimented with Airbnb early on, finding unexpected success and realizing real estate's potential.

INSIGHT

REITs vs. Rentals

Real estate offers ancillary benefits like leverage, tax advantages, and forced appreciation.
Direct ownership excels if you tolerate the hassles, but REITs and private deals offer true passive income.

ADVICE

ROI and REITs

Consider the unmeasured costs of real estate like time, risk, and effort, when calculating ROI.
REITs provide pure ROI, excluding these factors, making them suitable for busy professionals.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

Investing in REITs

Real Estate Investment Trusts

Ralph L. Block

This book provides a detailed overview of the REIT industry, including its history, how to spot blue-chip REITs, strategies for building a diversified REIT portfolio, and insights into global REITs. It is an essential resource for both individual and institutional investors seeking to invest in commercial real estate through REIT stocks.

Buffett

The Making of an American Capitalist

Roger Lowenstein

This book provides a comprehensive and detailed account of Warren Buffett’s life, from his early days to his ascension as one of the most successful investors in history. Written by Roger Lowenstein, the book is based on three years of research and includes interviews with Buffett’s family, friends, and business associates. It explores Buffett’s investment strategies, his long-term philosophy of buying undervalued stocks, and his role in transforming Berkshire Hathaway into a highly successful corporation. The book also delves into Buffett’s personal life and the influences that shaped his investment approach, including his mentor Benjamin Graham and his partnership with Charlie Munger.

Rich Dad Poor Dad

What the Rich Teach Their Kids about Money - That the Poor and the Middle Class Do Not

C.P.A. Sharon L. Lechter

Robert Kiyosaki

The book tells the story of Robert Kiyosaki's two fathers: his 'poor dad,' a highly educated but fiscally poor man, and his 'rich dad,' the father of his best friend who was a successful entrepreneur. It emphasizes the importance of financial education, distinguishing between assets and liabilities, and building wealth through investing in assets such as real estate and businesses. Kiyosaki argues that a good education and a secure job are not guarantees for financial success and provides practical lessons on how to make money work for you rather than working for money[1][3][5].

The intelligent investor

Jason Zweig

Benjamin Graham

Written by Benjamin Graham, 'The Intelligent Investor' is a seminal work on value investing that has inspired millions since its original publication in 1949. The book emphasizes the importance of distinguishing between investing and speculation, calculating the intrinsic value of companies, and maintaining a margin of safety. The revised edition includes updated commentary by Jason Zweig, who provides modern examples and insights to help readers apply Graham's principles in today's market. Warren Buffett, a disciple of Graham, has praised the book as 'the best book about investing ever written'.