Hi everyone. It’s “whine a little” Friday -the day to unburden your brain before the weekend starts and you can make space to recharge your batteries.
I find the term “passive income” as a synonym for real estate investments so misleading.
it is anything BUT passive. Reviewing contracts, keeping up on leases, maintenance issues, tenant issues-it can be a full time job.
and before you say that I’m doing it wrong and I can hire property managers to take care of the day to day issues and mortgage brokers to manage the contracts-I will respond that they each take a cut (5-10%)-and that is no way to use your capital efficiently and maximize profits.
there is no free lunch and there is no such thing as passive income in real estate.
Rant over-and I feel revitalized.
thanks for letting me vent
I find the term “passive income” as a synonym for real estate investments so misleading.
it is anything BUT passive. Reviewing contracts, keeping up on leases, maintenance issues, tenant issues-it can be a full time job.
and before you say that I’m doing it wrong and I can hire property managers to take care of the day to day issues and mortgage brokers to manage the contracts-I will respond that they each take a cut (5-10%)-and that is no way to use your capital efficiently and maximize profits.
there is no free lunch and there is no such thing as passive income in real estate.
Rant over-and I feel revitalized.
thanks for letting me vent
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