Description

Josh and Amelie discuss the idea that real estate is a great way to create passive income. Is it as simple as “sit back and collect rent” or is there more to it?

Top things to think about

1. If you want truly passive real estate income, invest in a REIT.
2. Hiring a property manager, attorney, CPA, financial adviser etc. who can help simplify things can make things MORE passive, but it’s not truly passive.
3. It’s hard to factor in many of the risks associated with real estate.
4. Screening tenants is a lot of work and maintaining the property is a lot of work.
5. You have a huge amount of liability when you own property and rent it out.

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