There have been lots of discussions around the Hill House lately about investing in rental real estate. Both my wife Nicole and I feel like it would be an excellent way for us to build passive income and wealth for our family.
My wife and I are approaching a big milestone in our financial journey. Our mortgage will be completely paid off by the end of the year. That exciting financial hurdle has gotten us thinking about the next steps on our quest for financial freedom. Over and over again, owning rental real estate continues to rise to the top of that list.
Lately, the shows and interviews I’ve been doing have been focusing on decreasing your expenses and increasing your income. When we make improvement in these two areas, it’ll allow us to become experts in increasing our net worth and our opportunities for financial independence. Today, we’re diving into increasing your income through real estate.
About a month ago, my wife Nicole and I were at a wedding for one of our good friends. At our table, I struck up a conversation with a random guy named Victor Mangona. I discovered that Victor and his wife Kate are both doctors and they live in a swanky part of Dallas called Highland Park. Victor and I got to chatting about their adventures in real estate investing as their new side business.