Ways to Achieve FINANCIAL FREEDOM | How to Make 5k A MONTH in PASSIVE INCOME in Real Estate

How do you gain financial freedom through rental properties? Join our conversation as we discuss what it takes to make 5k A MONTH in PASSIVE income! Have other real estate investing questions? We are here to teach you how to make money in all things real estate! Let us know in the comments! We'd love to answer YOUR questions. Thank you for hanging out with us! If you found our video helpful, PLEASE Like & Share it. It really makes a difference for us and helps let us know to keep this content coming! Subscribe to our channel for brand new videos every week! Our goal is to make YOU a real estate millionaire through our real-world expert experience, analysis, and tips that you can put into action TODAY. Follow Us on Instagram: @realestatenjny and @recareercenter ⏰ TIMESTAMPS ⏰ 0:00 - Intro 0:29 - Where Do You Start When Looking for Rentals? 1:28 - What's an FHA Loan? 2:38 - What the Breakdown for Your Monthly Payment? 3:48 - Should I Consider More than a 2 Family? 6:08 - At What Point Did it Make Sense to Rely On Your Rental Income and Quit Your Day Job? 7:27 - What's a Short Sale? 7:45 - What's House Hacking? 9:31 - Can You Get Another FHA Loan? 10:40 - Eric Creating Cash Opportunities 11:32 - What Are The Restrictions on FHA Loan? 12:35 - Networking and Finding Off Market Opportunities! 14:34 - Is it Difficult to Convert a Single Family to a Multifamily? 15:30 - What Are CoLuxy? 16:08 - Where Can You Find Tenants? 17:00 - How Much Should You Rent Out a Room For? 18:08 - How Do You Get Started On Your First Property? 18:29 - What's Seller Financing? 20:05 - How Do You Buy Another Property After Your First One? 22:50 - Creative Financing 23:09 - What's a Hard Money Loan? 26:12 - Cash Flow is Key! 26:30 - Value Add Properties! 27:38 - How Much Money Do I Need to Do This? 28:22 - How Would You Find Your First Home Investment? 29:20 - Off Market Deals 32:31 - Outro