How I'm Going to Stage My Comeback
In my last post I talked about how I am going to start over. My ultimate goal is to generate $5,000 a month in passive income. Unlike Brandon Turner I intend to do that with a real estate heavy but diversified portfolio. I will have my IRA's in a blended income producing/growth portfolio. I will invest in real estate funds and individual notes as well as building a rental property portfolio using the BRRRR strategy. I will go into to my diversification mix in more details in future posts but this time I wanted to talk about the side hustles that I am implementing to fund those goals.
I have my real estate license so it makes sense to try and generate some revenue off of the expense involved in keeping my license. To that end I have 3 main avenues that I am going to explore:
1. Creating a subscription model that will allow others to leverage the research that I do to create a win/win for both parties.
2. Act as a buyer's agent for investors both traditional fix and flip and buy and hold investors and the live in flip and house hacking investor.
These are true side hustles because they involve work on my part, the money doesn't come in passively but I am willing to put in the work in order to fund my first BRRRR property. I know many of you have read that I can buy a house without any of my own money but in the 12 years I've been working in real estate I have not found that to be the case. I would like to have about $20,000 in the bank when I purchase my first property.
Thanks for reading.