Description

Are you looking for ways to diversify your investment portfolio without adding additional responsibilities?

Today, we welcome Senate Esridge, a financial advisor turned multi-family investor and coach, who shares his expertise on becoming a passive real estate investor without buying an apartment building. He discusses his goal of becoming a full-time passive investor and how he plans to achieve it while diversifying his portfolio. Senate highlights potential avenues for generating semi-passive income or starting a business to support long-term passive investment goals and stresses the importance of feeling confident and secure in investments. 

Join Senate and Suja while they share their experiences with market volatility while emphasizing the need for strategic and informed investment decisions that align with one's individual goals!

[00:01 - 06:11] Opening Segment

• Senate shares how he got involved in real estate investing

• His experience with single-family homes and multi-family apartments

• How he helps passive investors to diversify their portfolio

[06:12 - 12:14] Tips for Achieving Passive Income through Real Estate Investing

• How to dump profits from your active investments into passive investments

• People's goals often include creating $10,000/month in passive income within ten years

• How Senate helps people determine their risk tolerance and needs for income

• Younger investors may be interested in appreciation, while older investors prioritize cash flow

[12:15 - 18:01] Maximizing Passive Income

• Setting up short-term rentals requires a lot of work and systems

• Systematizing and automating a business can lead to passive income

• People can find money in dormant 401ks, IRAs, savings bonds, and equity in other properties

• Maximizing current income can help accelerate investment goals

[18:02 - 23:58] Understanding the Four Types of Returns in Real Estate Investing

• Real estate syndications are a good vehicle for investment with the right person and deal

• The importance of education in understanding returns and blending cash flow

• Four types of returns

• ROI (return on investment), ROE (return on effort), ROE (return on equity), ROS (return on stress)

[23:59 - 27:17] Closing Segment

• Return on stress is crucial as it affects sleep and peace of mind

• Education helps investors feel confident in making investments and mitigating risks

Connect with Senate:

Website: Senate Esridge

LinkedIn: Senate Esridge

Key Quotes:

"Be authentic to yourself and true to what you say." - Senate Esridge

"It doesn't matter how much money you make; if you can't sleep at night, then it's not worth it." - Senate Esridge

WANT TO LEARN MORE?

Connect with me through LinkedIn.

Or send me an email at sujata@luxe-cap.com

Visit my website, www.luxe-cap.com, or my YouTube channel.

Thanks for tuning in!

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