How You Can Earn a 6-figure Passive Income in Real Estate

True Wealth Podcast

Summary:

In this episode, Andrew Kim discusses different ways to earn a six-figure passive income in US real estate investment. He explains how Canadians are turning to US real estate due to high home prices and restrictive landlord laws in Ontario and BC. Andrew outlines a 10-year strategy that involves buying multiple properties, refinancing, and reinvesting the cash flow. He also discusses the use of HELOCs to accelerate the portfolio growth. The goal is to achieve a sustainable portfolio of up to 15 homes that generate a six-figure passive income.

Keywords:

real estate investment, passive income, US real estate, Canadian investors, HELOC, portfolio growth

Takeaways:

Canadians are turning to US real estate due to high home prices and restrictive landlord laws in Ontario and BC.

A 10-year strategy involves buying multiple properties, refinancing, and reinvesting the cash flow.

HELOCs can be used to accelerate portfolio growth and allow for the purchase of fixer-upper properties.

The goal is to achieve a sustainable portfolio of up to 15 homes that generate a six-figure passive income.

Titles:

The Benefits of Investing in US Real Estate for Canadians

Accelerating Portfolio Growth with HELOCs: A Path to Six-Figure Passive Income

Sound Bites:

"Getting a lot of influx from Canadians looking for direct real estate ownership, but realizing that the numbers and the laws are not working in their favor to invest locally."

"Canadians are using the HELOC to accelerate. So now they've got this extra tranche of capital, they can buy homes with quote unquote all cash because they're buying outright their HELOC."

"Real estate is a slow climb. It's not a get rich quick scheme. It does take time. You want the markets to improve, you want to diversify."

Chapters:

00:00 - Introduction and Overview

07:19 - Slow Climb: The Long-Term Approach to Real Estate Investment

13:13 - Being Aggressive: Front-Loading Investments and Accelerating Growth

24:48 - Conclusion and Closing Remarks

Featured on the Show: Andrew Kim CEO & Co-Founder for SHARE

 Website: Website: https://twa.sharesfr.com

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