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Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

How to Make $10,000 in Passive Income

Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based

Wholesaling Real Estate, Rental Property, Real Estate Investing, Investing, Business, Real Estate, Flipping Houses

2.5884 Ratings

🗓️ 1 January 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

What are your passive income goals for 2024?We want to coach you at Wealthy Investor! Book a call with the team here - https://wealthyway.co/yt--Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where Ryan goes over all the fundamentals of building wealth. https://www.wealthyway.com/Would you like our team to help build your personal brand? Apply to join Pineda Media at https://wealthyway.co/rj9Looking to grow in your faith and business? Join We...

Transcript

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0:00.0

Let's say someone's listening to this or it's just me myself.

0:03.0

Yeah. And next year I want to make $10,000 in passive income pure like truly

0:09.7

truly make $10,000 a month.

0:13.2

How would you coach me to do that?

0:14.6

Yeah, so I think cashful, when I said cashful earlier is dead,

0:17.7

I don't mean it's dead in every regard.

0:21.2

Cashful has shifted from passive rentals to business.

0:25.0

And so I'm not saying like Bob go buy an ice cream shop, but the business in

0:29.0

business in real estate. So what I would say is like assisted living, sober living houses,

0:34.7

things like of that nature, Airbnb still in some areas, depending on where you're at.

0:38.7

And I actually I'm still still, yeah, yeah, I'm still big on, I'm still big on I'm still big on Airbnb in areas that are heavily regulated.

0:46.6

I love that.

0:48.6

Maui is an example.

0:49.6

So Hawaii is an example.

0:51.3

They don't want more of them.

0:52.4

They're militantly against them.

0:54.1

Yeah. So when you have one that's legal in the right area and you play your cards right,

0:59.9

now of a sudden you have something that nobody else has so supply and demand like I'm going to be fine

1:05.2

and so I would look into the business a man the other day I was actually in Maui and some guy was jogging

1:09.4

and he stops me he's like hey Brandon Turner from bigger pockets and I'm like I was and we're talking

1:14.2

for a little bit but I was like so what do you do he's like oh I got into assisted

1:18.4

living and so he does these group homes for elderly people.

...

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