Passive Income - Real Estate Investing 101
Warren Buffet said, “If you don’t find a way to make money when you sleep you will work until you die.” In other words, finding a way to earn passive income is essential in today’s world.
A relatively easy way to get into this world of passive income is through real estate investing. One of the most preferred methods of earning passive income in real estate is using the BRRR technique.
Step 1: Finding a home at a discount (B)
Step 2: Rehabbing the home to make it tenant ready (R)
Step 3: Renting the home out at fair market value (R)
Step 4: Reselling the home (R)
This will allow you to essentially have the tenant pay for your mortgage and allow you, the owner, to gain equity in the home and eventually sell at a profit and get a nice check on closing date!
This is actually really fun, and not all that complicated, with the help of a real estate professional. We would love to talk with you more about this type of investment opportunity.
Happy investing all!