Earning passive income is one way to help you build wealth long-term. So how can you do that with real estate investing? What are the things you need to know to start earning? In this #Highlights episode, we feature our conversations again with entrepreneurs Rachel Richards and Alex Breshears who share how they won in life with passive income through real estate investing.
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Rachel details how creating passive income was her key to reaching financial freedom so early in life and she also sheds light on how real estate played a key role in achieving this. Meanwhile, Alex tells us how to invest passively so we can live actively, tips on how to minimize risks, and the pros and cons of considering private money lending and hard money lending. Listen now and learn how you can earn passive income today!
Key Points From This Episode:
- What prompted Rachel to pursue real estate investing and some key educational resources?
- The three main metrics Rachel focuses on when doing the financial analysis of a property.
- Rachel’s tips on projections and the importance of being conservative with them.
- Common mistakes Rachel sees first-time investors making when projecting expenses.
- Hard money lending versus investing in syndication.
- Should passive investors consider hard money lending?
- Who is the first person you need to find if you want to invest in lending?
- The risks of hard money lending versus syndication.
- Alex shares the level of returns on hard money lending.
- How to know your investing capability?
“To me, real estate investing is one of the best tools for building long-term wealth.” – Rachel Richards
One of the things you have to be really good at from the get-go is doing your projections and doing your financial analysis.” – Rachel Richards
“I knew at some point when we went back into investing in real estate that lending was the side of the table I wanted to be on.” – Alex Breshears
About Rachel Richards
At only 27 years old, former financial advisor Rachel Richards has made a name for herself in the personal finance realm. In 2019, Rachel quit her job and retired, with over $10,000 per month in passive income! She is the bestselling author of Money Honey and Passive Income, Aggressive Retirement. She has been featured in the Penny Hoarder and The New York Times and has been contracted to speak at colleges. Rachel is also a real estate investor with 35 rental units. Her valuable money lessons have helped thousands of millennials work their way out of financial despair. She has successfully done what no one has done before: made the topic of money management fun, entertaining, and simple!
About Alex Breshears
Alex Breshears is a private money lender, Regulation A fund Investor Relations manager, multi-family underwriter, educator, limited partner in multi-family syndications, and community builder who partners with active and passive real estate investors, syndicators, and military spouses to grow their financial independence, knowledge, and professional network. Alex started a private lending company, Infinite Road Investments, in April of 2020, funding 1st lien and 2nd lien positions for residential property in the Hampton Roads, Virginia area. She also started an educational Facebook group called Private Lending Lessons which offers weekly educational lessons, daily posts for discussion, and opportunities to network with other investors about private lending, and various projects that may need funding. She also works with the team at Mission First Capital, a Regulation A fund that helps active duty and veteran service members invest in real estate to improve their long-term wealth. At Mission First Capital, she works in organizational management, investor relations, and underwriting for property acquisitions for asset purchases. Alex is also passionate about financial education and independence for female investors. She is currently a chemistry professor, teaching for a four-year school online and leading biweekly educational series about real estate investing in her Facebook group. She is a limited partner for 16 units in Newport News, VA in addition to owning and co-hosting short-term rentals.
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