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Real estate investing has been something I’ve been interested in for a long time. The ability to own a home that provides a monthly passive income and grows in value at a consistent rate over time sounds quite appealing to me.
I don’t get as excited about flipping properties because it sounds like that’s a very detailed and focused skill. The margins are so tight that you need to be a master at your craft to succeed. Evidently, those well-produced HGTV home flippin’ shows make it look easier than it actually is.
And given that I have been on this debt destruction journey for quite some time now, I don’t get very enthusiastic about taking out mortgages for rental properties. Some real estate investors have an ability to take out mortgages on their rental properties (usually 20% or more down) and still earn a good passive income. I think I would get claustrophobia with all of that debt coming back in my life.
So, I’m not interested in flipping properties and I’m not interested in leveraging properties to rent. How about ….
Buying and holding rental properties for 10, 15 or 20 years and paying for them with cash?
It’ll take a lot longer to save up the money, but my overall stress level will be lower if my wife and I don’t go back into debt.
Today on the show, I spoke with Peter Aquart who specializes in exactly this subject: buy and hold rental real estate.
Peter, and his company American Wealth Builders, work with clients who are interested in getting into rental real estate, but don’t know where to start. They take away the hassle of finding the right properties, finding the ideal tenants and even putting management in place. I was pleasantly surprised to hear that the majority of his clients are buying these properties with cash.
What are we covering today?
On the show today, Peter and I chat about:
- His company and their services
- Why he thinks real estate is the best passive income path for people
- Overall advice for first time real estate investors
If you’re interested in learning more about generating passive income through rental real estate, this episode is for you. It’s one of my favorite subjects because I know little to nothing about it, but I’m very interested in educating myself further.
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American Wealth Builders: Peter’s real estate investing company.
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Carpe Diem Quote
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”
– Franklin D. Roosevelt