043: It’s All About Passive Income

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Today my guest is Michael Blank Apartment Building Investing podcast host and coach He realized that it doesn t matter how much money he has in the bank or his salary It s all about highly leveraged passive income Michael was hook line and sinker in the search for financial freedom He put his nose to the ground started some single-family and multifamily flips and learned how to raise money Now he shares his knowledge about apartment buildings with others Topics on Today s Episode Michael settled on multifamily because there s always something to worry about and you can t control value with single-family properties People think they don t have the experience and cash needed to do multifamily but all that s not necessary – can overcome both quickly Real estate is the vehicle but it s about building cash flow and legacy wealth Multifamily is a different language so there s no reason to not start now Educate yourself and build a team to appear as an experienced investor Get started with multifamily through experience education and raising money Michael has blazed a trail that works and believes in the power of mentorship Most people who have become financially free after a state of confusion they give back and serve others Blueprint for financial freedom is in Financial Freedom with Real Estate Investing at the heart of it is your first deal Believe in yourself and take action make a decision that enough is enough Focus on your first deal – whether it is big or small – to start cash flow Education Program Find and do a deal that is meaningful and achievable phase 2 is to analyze deals form a team and meet potential investors Only takes 1-2 years to replace your W-2 job may mean just 1 deal a year Links and Resources Mentioned Michael Blank Apartment Building Investing Podcast Financial Freedom with Real Estate Investing Rich Dad Poor Dad David Lindahl Tony Robbins Quotes It doesn t matter how much money I have in the bank what my salary is It s all about passive income Michael Blank I was hook line and sinker in the search for financial freedom Michael Blank Multifamily – it s a whole different language Corey Peterson You ve blazed a trail that works and the power of mentorship is important Corey Peterson Don t forget to download my Free Workshop Quickstart Video Series and if you like what you have heard please leave a review on iTunes Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family Click here to visit this podcast episode