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Not long ago, individuals had somewhat limited options when investing in real estate. Either they could buy a rental property, usually a single family home or a small multifamily, or invest in a REIT. One choice very active. The other very passive.
Do you ever ponder how you could replace your salary from you day job, or become less reliant on it, so you could focus more on the things that matter to you? One of the biggest mistakes people make is being dependent on only one source of income - their job.
Passive income is an exciting concept. But don’t be blinded by the shiny numbers you see on an offering memorandum or marketing material and overlook the risk you are taking with your hard earned money.