Many people who turn to real estate investing have the epiphany that their money simply is of no use sitting in an account, earning close to nothing in interest. Today’s guest decided to put his money to use on cash flowing properties, and earn a passive income!
On this episode, I’m speaking with new investor, Brian Freeman, about his decision to take the plunge into real estate investing! We’re discussing all the details of Brian’s first property, the power of passive cash flow, and his plans for the future. If you’ve ever worried about risks or obstacles in real estate investing, you won’t want to miss Brian’s story about overcoming adversity and taking the first step toward creating a passive income!
More About This Show
Brian Freeman is workers’ compensation attorney based out of Southern California. Working in a service-based industry, he realized that there are only so many hours in the day. If he wanted to create true legacy wealth, he’d need to find a source of passive income. A friend of his recommended this podcast, and Brian listened to every single episode!
He became convinced that real estate investing was the path for him, and booked a call with our team. After discussing his goals, and his options, he felt confident. We provided Brian with information about a few properties, and he also did his own research. He decided to purchase a $40,000 home, which needed $5000 in rehabs.
Brian was able to purchase his first investment with cash; he owns it free and clear. He and his wife had been putting money aside as a safety net for a number of years. Since they never had to use it for an emergency, he felt safe using the funds to make a purchase that would produce a positive cash flow.
Today, Brian’s buy and hold property brings him $700 in passive income every single month. He looks forward to learning more about real estate investing, and one day investing in a portfolio of properties. Brian’s Freedom Number is ten rental properties.
On this episode, we’ll discuss Brian’s real estate strategy more in-depth. We’ll talk about his long-term vision, and why a savings account is not a safety net. Don’t miss episode 88 of Investing in Real Estate to hear more about how to decide whether or not acquire more debt to invest, leveraging cash flowing properties, and much more!
If you’re ready to begin building a passive income through rental real estate, book a FREE call with my team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.
On this episode you’ll learn:
- How can you research a neighborhood before purchasing a property in another state?
- How does real estate investing compare to saving money in a bank account?
- How can you calculate your gross annual passive income?
- What are the benefits of owning a property free and clear?
- And much more about real estate investing!
Rich Dad Poor Dad by Robert T. Kiyosaki
EP043: Should I Pay Off Debt or Invest in Real Estate?
EP048: What Are A, B, and C Neighborhoods?
EP058: How to Shop for a Portfolio Loan
Find Your Financial Freedom Number
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