Do you want passive income? #income #realestate #money #realestateinvesting #tips #realestateagent

5 Aug 2023 · 1 min

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0:35

Steve D Valentine presents a concise real-estate strategy for creating passive income: aim for about $15,000–$20,000 per month by acquiring 10 homes that are paid off and rented, achieved over a roughly 30-year horizon (roughly one property per year). He contrasts this modest goal with owning dozens more properties and frames the plan as achievable with steady purchasing and creative equity moves.

Questions this video answers

$15,000–$20,000 per month.

10 homes (paid off, free and clear).

Approximately 30 years (about one home per year).

Chapters

I do this stuff in our online community where I challenge people to think about at what age, how much passive income do you want, right? You get kind of the average of 15 to $20,000. I'm like, cool, that's 10 homes, right? That's all it is over the next 30 years is 10 homes. Can you buy one home a year or move once a year and do these things? And then we get really creative on creating equity and things like that. But the reality is is 10 homes that are paid off free and clear that create 15 to 20 thousand dollars a month of passive income. It doesn't take the 90 properties to do what you want to do. If that's your dream, cool, go do it. It doesn't have to be batshit crazy like I am, right? But that's just the world I live in because I love it. And we're constantly moving things around on the chessboard.