This is how to make $5,000 per month in passive income from rental properties on an average salary, starting with little money. You don’t need to have any real estate investing experience to follow this blueprint, but if you’ve already started investing, you could (and probably will) get there faster. How much money do you need? How long will it take? Which properties should you invest in? We’re sharing the complete blueprint in this episode.
Financial freedom is the goal for almost every real estate investor; the way you get there is by having consistent cash flow that can pay for your life. Would $5,000 per month ($60,000 per year) in passive income make your financial freedom possible? If you’re like most Americans, there’s a good chance it would.
Dave is walking through how to get there in less time than you’d think, so you can retire decades earlier and live life free from the pull of a paycheck. Want more than $5,000 per month? You can use this same blueprint and math to get to $10,000, $15,000, or $20,000 per month through real estate investing.
Dave:
Would an extra $5,000 per month in passive income change your life? Of course it would. That covers car payments, it covers tuition payments. It could pay for really nice vacations, but if it was obvious how to make five grand a month in passive income, you’d probably already be doing it. But the good news is it’s actually much easier to achieve this than you might think. And today I’m going to break down exactly how you can reach $5,000 a month in passive income from rental properties starting almost anywhere. Hey everyone. Welcome to the BiggerPockets podcast. I’m Dave Meyer, head of real estate investing at BiggerPockets and an investor for over 15 years. When you first get started in this business in real estate investing or even just hear about the idea of real estate investing, it can be really exciting, but it’s also kind of daunting.
Dave:
How do you go from wanting to build a…