Real Estate WEALTH Magazine | Page 18

Owns 13 properties in 2 states; $7,236 Monthly Net Cashflow The Joy of Being JOB OPTIONAL! How Four Couples Replaced their Income through Passive Real Estate Investments  M life on your terms.  How do you achieve that goal? Well, there are many paths that lead to the same goal. Which path you choose depends on where you are today. Here’s how 4 different couples found their way to cash-flow heaven: ost people think  “flipping” houses is the way to build wealth in real estate. There are plenty of TV shows glorifying the process of fixing up old, beat up homes and selling them for big profits. But what if you don’t have the time or desire to get your hands dirty and work that hard? While flipping can be profitable when done right (and most people don’t get it right their first few times), it’s definitely not a passive investment. Flipping requires your effort and work, rather than letting your money work for you. Do you want to be job-optional? Add up your monthly expenses, and imagine how it would feel to have those expenses covered each month passively - without you having to trade your time for dollars. You wouldn’t have to toil for it. You could spend your time as you wish with the people you love.  This is how I define Real Wealth – having both the time and money to live Realty411Guide.com KIM BOSLER  “About a year ago, I met with our financial planner and she asked about our goals. I said, “You know, we’ve raised a large family in California. We love to travel, and we love to do fun things. I’d like to continue doing that, but I’m just not quite sure how we can once we stop working. In fact, we don’t know if we’ll ever be able to retire!” She sat down with all of our charts and said, “My suggestion is investing in annuities, and safe bonds.”  I looked at how much money our financial advisor wanted upfront and how little we’d actually receive in return. And we wouldn’t receive it until PAGE 18 • 2016 we were 90! This was not a workable plan. Three weeks later I was at the gym jogging on the treadmill next to a friend who’s done a lot of real estate investing. I asked him how many properties he had now and he said, “Fourteen.”  I said, “Are you kidding? How have you been so bullish in doing this? I mean, aren’t you afraid that it might not be the right timing or location or price or whatever?” “No, I’m really not,” he replied. “I’ve been really successful at it with the help of Real Wealth Network and Kathy Fettke’s podcast, The Real Wealth Show.” When I got home, I went right to the computer and joined Real Wealth Network and the Real Wealth Investor Academy. I immediately started learning so much and just loved it. I felt like it was exactly what I’d been waiting for. Since then I’ve made lots of friends through the network. I was introduced to top-notch, investment property providers, builders, lenders, and property managers - the very cream of the crop. I have not met one person that I just haven’t loved, and the numbers all made sense.  The biggest problem was really whom to choose because there are so many good teams -  really, really good people and good prices.  We now have several properties reWEALTHmag.com