#139: Is real estate really passive income?
Josh and Amelie discuss the idea that real estate is a great way to create passive income. Is it as simple as “sit back and collect rent” or is there more to it?
Top things to think about
- If you want truly passive real estate income, invest in a REIT.
- Hiring a property manager, attorney, CPA, financial adviser etc. who can help simplify things can make things MORE passive, but it’s not truly passive.
- It’s hard to factor in many of the risks associated with real estate.
- Screening tenants is a lot of work and maintaining the property is a lot of work.
- You have a huge amount of liability when you own property and rent it out.
Want help building or growing a successful financial coaching business? Find resources below based on where you’re at in your journey:
- Deciding whether Financial Coaching is right for you? Join our free Facebook Community with over 5000 current and aspiring financial coaches! https://www.facebook.com/groups/financialcoachescommunity
- Already decided you’re going to be a Financial Coach and want to learn more? Get 30+ tips and best practices in our free 8-part email series! https://www.financialcoachesnetwork.com/pre-launch-email-series
- Ready to Launch your Financial Coaching business? Join FCN Launch, our step-by-step program that will help you successfully launch your business in four months and grow it to a consistent part-time income. https://www.financialcoachesnetwork.com/launch
- Are you already coaching clients and want to grow your business to a full-time income? Join FCN Grow, our program that helps you scale your business to a full-time income. https://www.financialcoachesnetwork.com/grow
