BiggerPockets Money Podcast 4 Ways to Make Passive Income from Real Estate (Don’t Quit Your 9-5!) w/Devon Kennard
14 snips
Oct 11, 2024 
In this engaging discussion, Devon Kennard, a former NFL linebacker turned real estate investor and author of "Real Estate Side Hustle," shares his journey from the football field to financial freedom. He highlights four effective strategies for generating passive income in real estate while maintaining a day job. Devon stresses the importance of financial planning, the risks of shady syndications, and how small wins can lead to bigger success. Listeners gain valuable insights on balancing investments and career while achieving their financial goals.
AI Snips
Chapters
Books
Transcript
Episode notes
Delayed Gratification
- Devon Kennard drove his old Kia Sorento for years, despite jokes from teammates, to prioritize investing.
- He later bought his dream Range Rover with passive income, finding it more rewarding.
Maximize Earning Potential
- Focus on maximizing your earning potential during your prime working years.
- Prioritize investing over excessive spending, enabling future purchases through passive income.
Starting Small
- Kennard's first real estate investment was an $86,000 property in Indiana, purchased with a partner.
- This small, calculated risk provided valuable experience and a foundation for future investments.
