The Passive Investing Lifestyle Think real estate
It’s not about the money, it’s about having more choices.
The real estate bug
I had read years ago a book on investing called Rich daddy’s prophecy by Robert Kiyosaki. The only thing I remember about the book was to “stay out of the stock market” and “invest for cash flow”. Real estate was going to be the ticket to freedom. A few years later, I gave up my college career and accepted an oilfield job that required 100 hours a week swinging masses at subzero temperatures. I was finally going to make some money, and I knew exactly what to do with that money… I was going to get into real estate.
Getting into real estate
I first went down into the rabbit hole of stunning houses. Who was I fooling? I had no relationships, I was not a handyman, and I was already tired of manual labor. Later, I switched to vacation rental because I thought it would be less complicated; boy was I wrong. There is nothing inherently wrong with moving houses or renting short-term; the problem was, I never stopped wondering WHY I was doing all of this. I can tell you firsthand; I didn’t like any part of the job in business as owner. I wasn’t good either.
It took me several years to run out of steam and exhaust myself. That’s when I finally asked myself a very important question that every investor should ask themselves… “What are my goals and what investment strategy can help me get there?”
It was then that I discovered that my real interest was to be an investor; not an owner. I was looking for liquidity and financial independence, so that I could live my life on my own terms. I didn’t like managing tenants or rehabilitating houses, and I didn’t have a lot of free time. My single family rentals had become a second job rather than an investment.
The passive investing lifestyle
Around 2015, I was introduced to two gentlemen from a local real estate investment group who had sold their businesses decades ago and became full time investors; mainly in multi-family syndications. They were “passive” investors in the sense that they did not “actively” participate in the real estate business. They had simply invested in hundreds of real estate projects by this point, where they let the general partners take care of the heavy lifting and day-to-day operations. They were without intervention Limited partners.
It was a game changer in my life. You tell me I can invest in real estate, collect monthly cash, take advantage of tax benefits, and don’t have to manage tenants, report for closings, manage contractors or rehabilitate properties? Sign me up!
Between 2015-2016, I decided to sell all of my single-family rentals. Over the next year, I started investing in multi-family AKA “syndication” private placements one after another until I turned my entire real estate portfolio into a cash flow machine. cash flow without intervention.
In early 2016, something incredible happened. I sat down to calculate some numbers and found I could quit my job. I had more cash flow from my multi-family real estate investments than my lifestyle expenses. Leaving my busy W-2 job alone has given me my life back and allowed me to have a “work-optional” lifestyle. I wasn’t ready to retire in the traditional sense, so I decided to pursue what really interests me, investing in real estate and educating others with my spare time. This change in lifestyle also allowed me to spend more time with the people who are dear to me and to start a new chapter with my girlfriend, who then became my wife and who will soon be the mother of our first- born in January 2022.
It’s a story about building financial independence. The journey is open to you; it’s just a decision. You and I have different goals and motivations, but one thing is for sure. It doesn’t hurt to add a little passive income to your portfolio. It’s not about the money, it’s about having more choices and designing your own lifestyle.
You might not have worked in the oil industry, but I bet you’ve been overworked every now and then in your career. You might not want the lifestyle I have, but I bet spending more time doing what interests you would add value and happiness to your life. Even if you have a desirable lifestyle and career doing what you love, investing in real estate private placements can simply add diversification to an existing portfolio of stocks, bonds, and mutual funds, and you help increase your passive income.
My mission is to educate and give my time back to others who seek to create a life on their terms. Years ago I made the decision to partner with Ashcroft Capital as an investor. I have invested in more multi-family arrangements with Ashcroft compared to any other operator in the multi-family sector. There are many reasons why I chose to work with Joe Fairless and his team, including a focus on capital preservation, a value-added cash flow business model, detailed monthly communication and strong antecedents. If you are an accredited investor interested in learning more about investing in multi-family apartments with Ashcroft Capital, I would be happy to connect and learn more about you and your goals.
To find out more visit www.ashcroftcapital.com/travis
** Disclaimer: The content shared in this article is for informational purposes only. You should not interpret this information or other documents as legal, tax, investment, financial or other advice. Any reference to the past or potential performance of an investment is not and should not be interpreted as a recommendation or as a guarantee of a specific result or profit. No idea or strategy discussed here should be undertaken by an individual without prior consultation with a financial professional for the purpose of evaluating whether the ideas or strategies discussed are suitable for you based on your personal financial goals, needs and needs. risk tolerance.