Buy & Hold Investing: Building Wealth Through Passive Income (Methodology)
Today, we're discussing the next step in your investment career: Buy & Hold Investing! Buy & hold is the process of acquiring rental properties that generate passive income, and maintaining (landlording) them for an extended time - sometimes into perpetuity. This is a long-term investment play that brings in consistent income that you can leverage into substantial monthly revenue as you acquire more properties. But as we've observed in wholesaling and flipping, there are steps that investors must take in the beginning to ensure the long-term viability and profitability of this investment strategy. Unlike wholesaling and flipping, in buy & hold, having access to your own capital is key as opposed to using OPM (other people's money) as we encourage in wholesaling and flipping. That's because being able to pull the trigger on down payments for properties on your own ensures you can secure the deals faster while keeping all the eventual profits for yourself. But how can you build the capital necessary to make a real run at buy & hold investing? We've already kind of answered that question for you, but tune in today to learn more about how you can build your empire through rental properties!
Mentioned in today's episode:
Propstream
Here's a link to the article Donny discussed in today's episode:
The 15 Most Affordable College Towns For Renters
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3D Matterport Tour Of Red Tail Drive