A real-estate investor who generates $165,000 in revenue a year lays out his 'absolutely perfect' strategy for aspiring entrepreneurs clamoring for passive income
"I'm a violinist by training, and I was diagnosed with a condition when I was in college," he said on he "" podcast. "The doctors said I'd probably want to do something else because it was an autoimmune condition that impacted physiology."
"Real estate just lends itself to being creative, starting with nothing, and doing/making something," he said. "In real estate, you have other people's money, leverage, creative finance, and the inefficient market characteristics of an inefficient market." Fast forward to today, and Leybovich's portfolio generates about $165,000 of annual rent revenue from a multitude of investments. In total, those properties produce about $40,000 of annual cash flow.
"I figured out that for me it didn't work so well," he said. "I went on to small multifamilies, like duplexes, fourplexes, sixplexes, and tenplexes. I stayed in that for about a decade, picking up intellectual worth and moved on from there."
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