Dr. Peter Kim has taken many steps, and he has since added a few rules to improve his likelihood of success.
I’ll add a fourth rule and that is to start small. I’ve heard stories of people who didn’t follow the rules outlined below and started with a shockingly large sum.
In some cases, things did not end well for the novice investor.
Diversifying real estate income streams is the key to balancing risk and reward. There is more than just one way to create passive income using real estate investing without being a landlord.
Paying close attention to the market has a huge impact on your portfolio as a real estate investor. Learning how various parts of the real estate market react to changing economic conditions can help you find the best opportunities.
Whether you’re investing in real estate for passive income for the first time or you have several years of experience investing in real estate, consider calling in the professionals for help.
Some of these will be completed in the coming months or years. Others are meant to be “evergreen” where I can choose to leave my money invested indefinitely or request a return of funds.