by Julie Broad
I don’t believe there is such a thing as passive income from real estate … the reality is that you have to stay actively involved in your real estate investments. Passive means you can do nothing and make money; if you do nothing eventually things will fall apart. Even if you’ve hired a property manager to oversee your properties for you, it’s still important to spend a few hours a month checking over the details of what is happening at each property. It’s starting to become my mantra, but it’s true: nobody loves your money like you do.
So there is no such thing as passive income … but I do believe there is such a thing as building a multi-million dollar real estate portfolio in your spare time. I believe that because we did it. In as little as 5-10 hours/month most months, we built up a multi million dollar portfolio that enabled us to leave our jobs 7 years after we began investing. And compared to many investors I know, we were slow.
Slow or not, I know it’s possible to create another stream of income for yourself that doesn’t take too much time to manage … and if you want to learn how one guy built a good solid income for himself in a niche that most investors won’t touch then you must listen in on tonight’s “Six Figures With Student Housing” webinar tonight with Doug Fath.
Doug’s a 28 year old real estate investor who is living off his $106,000 per year in positive cash flow from his student rentals. He’s fresh from a 3 month vacation with his girlfriend and sharing all his best investing secrets. I’ve had the pleasure of interacting with Doug over the last couple of months, and I am really excited to introduce him to Rev N You readers. He knows his stuff and he’s dedicated to his students success.
Not everything he’s teaching works in Canada, and his guaranteed funding is not offered internationally, but the fundamental strategies he is teaching are good. And you have Doug’s commitment (and mine) that if you’re Canadian and you sign up for his course, and you follow the instructions to find deals that meet his criteria, we’ll do whatever we can to help you get your deals done.
And, really, even if you aren’t interested in his program if you only come away from the free webinar with one good idea it was worth your time! I KNOW there will be more than one good idea!! I’ll be listening to learn as well!
PLUS – he’s giving away a full scholarship to his program. If you’re on the call you’re entered to win … so join the call … get a few awesome tips, learn about what he’s doing, check out his program, and get a chance to win a full ride scholarship in his student housing program!!
If you sit in on the call feel free to post comments and questions here. I am happy to have an open discussion about his webinar, what he’s offering and student housing in general. I feel pretty confident that some people are perfectly suited for this niche … and will make a lot of money buying and renting student houses. But I also feel that no matter how easy Doug makes it sound, it’s going to take some hard work, patience and serious dedication to build a portfolio that produces enough income to free you up to take a 3 month vacation. I think that goes for every single real estate niche there is … but that is a discussion for another day. For now … check out the webinar if you’re interested!!