Edified Equity Podcast Episode 27: Passive Income!
Show Notes:
Welcome to the Edified Equity Podcast!
My Name’s Dino and Here we will focus on all of the unique Benefits associated with being a Passive Equity Investor in an Apartment Syndication.
You can learn more about us on the Web, iTunes, Stitcher, FB, YouTube, & our Award Winning Blog on Bigger Pockets. All associated links will be in the show notes.
Associated Links!
Edified Equity Website:
http://www.edifiedequity.com/
Edified Equity Podcast iTunes:
https://itunes.apple.com/us/podcast/dino-pierce/id1381283719?mt=2
Edified Equity Podcast Stitcher:
http://www.stitcher.com/s?fid=185852&refid=stpr
Edified Equity Facebook Group:
https://www.facebook.com/groups/MultifamilyPassiveCashFlow//
Edified Equity YouTube Channel:
https://www.youtube.com/channel/UCiTMeHhVXIMgCujDzXTxkww
Bigger Pockets Blog:
https://www.biggerpockets.com/blogs/10726-benefits-multifamily-passive-investors
Edified Equity Podcast Episode 27: Passive Income!
Ahhh Passive Income… Who doesn't like the sound of that?
Look - I'm guilty, I'm a super hard worker, it’s all I’ve known since the tender age of 13, but I LOVE - LOVE - LOVE me some passive income!! I like making my money sweat for me at a rate that far outpaces inflation!
I realize it's smarter to have my money working for me, even while I'm asleep, than it is to trade my time for money.
Now again, I’m a super hard worker - so if I am going to trade my time for money, and I DO, the main objective, aside from helping others and filling needs, is to bring in more money so that I can put it to work too!
So... what business can someone plug into and expect a consistent quality return that requires little to no involvement???
You got it Johnny, passively co-owning an apartment building or… buildings!
Side Note: Now that's the way to properly diversify!
And I say “little to no involvement” because well… it’s true nothing is truly 100% passive but this is pretty darn close… once you believe in the asset class as THE choice investment, it’s going to take time to find a team of operators that you trust and get to know. That’s natural - it’s human nature. Once you find your team… you have to look at what they’re serving up so that when they find a deal they’re working on that gets you juiced you’re ready to take action and partner with them!
Don’t worry they’re going to do all the work from here on out…
Plugging into an experienced team of operators that have analyzed a market, found a true opportunity, and manage a best in class professional 3rd party property management company - frees you up.
Furthermore, doing so ensures that your asset/business is going to run optimally and meet expectations of the business plan.
IMHO, Property Management is the backbone of a multifamily investment.
It's been said that Property Management can make or break the investment.
Always make sure your team of Operators have done their due diligence and selected a stellar Property Management company!
Once you have identified a team that you know, or get to know - and trust - your involvement will truly be passive.
Leverage a quality, and proven, teams’ experience.
Let your co-owner partners run the business so that you can spend your time elsewhere, doing what you love whether that’s volunteering, making more money, traveling, having experiences, being with loved ones - you name it… all while your money and team work for you so you can live the passive cash flow life, that you deserve, while your little green soldiers go to work for you and multiply.
I hope you found this information helpful. Whether you are here for the education, entertainment, or If you, or someone you know, has a problem finding the right place to invest their money - please help them by sharing this info.
I don’t have anything to sell BUT I AM on a mission and I will be delivering quality consultative content on a routine basis!
Thanks for Tuning in-
Make it a great day - you certa
