Investing can be complicated; if you are planning to actively invest your time and energy in developing a portfolio, you must know the difference between active and passive investment. But for anyone who’s ever said, ‘I don’t have time’ well Camilla just puts us all to shame. Full-time HR job, triathlete, and she built her real estate career while raising five kids. One of the many real estate misconceptions we love to mention is that you don’t have to start with single-family. Another is the simple truth that you can start with passive investing right away. It’s all about finding which one you have more of, Time or Money. There’s always going to be a little risk involved, but learning how to invest passively doesn’t mean you can’t add in some active investing as you go. According to Camilla, the best strategy for investing is to find a good balance between the two.
In this episode, we explore:
01:28 – Out of necessity
02:06 – Renting out their basement
03:31 – Live and Flip method
04:12 – DIY flipper with five kids
05:22 – Fatigued with little income
06:01 – Buying an apartment complex
07:26 – More Time or More Money?
08:21 – Control as a passive investor
09:32 – Getting to know the operators
10:15 – A forgiving market
11:43 – Lightbulb ‘aha’ moment
12:48 – Getting started in passive investment
13:46 – The people managing the deal
16:39 – The value of passive investors
17:21 – Understanding the business plan
19:48 – Setting your expectations
20:55 – How does Camilla find the time?
24:30 – Steady Stream Investment
Connecting with the Guest:
Website
#passive
#active
#multifamily
