My guest today, Jaideep (Jay) Balekar, and his wife are both full-time IT profesionals with 9-5 jobs (which are more like 8-8 jobs with even more time spent working on the weekends). So, you can understand why they began to search for a way to increase their income and net worth that didn't involve working even more hours at their jobs.
After researching for a while, they decided to start actively investing in cash-flowing multifamily real estate after reading a few books and understanding the value of assets vs. the burden of liabilities. They realized that what they wanted was passive income which would allow them to attain financial freedom.
Jay and his wife also realized after getting started that they both Love real estate. They have only been investing for just over one year, but they have already built a portfolio of 22 units (4-unit, 8-unit, 10-unit) in their hometown, Cincinnati, OH. These 22 units bring in $10,000/month in income. It's not entirely passive, but it doesn't require near the amount of time they put into their W2 and they are well on their way to financial freedom.
Book Recommendation: Give and Take by Adam Grant, Cashflow Quadrant by Robert Kiyosaki
Prayer Requests: Praise for wife and parents' good health!
Connect with Jaideep: Website: Real Estate Investments | Compounding Capital Group | United States, Facebook: Jaideep Balekar | Facebook, BiggerPockets.com: Jaideep Balekar | BiggerPockets
Connect with Lee: Website: THREEFOLD - Real Estate Investing (threefoldrei.com), Email: email@example.com, Facebook: Threefold Real Estate Investing | Facebook, LinkedIn: Lee Yoder | LinkedIn
Check out our Free E-book! https://threefoldrei.ac-page.com/5-steps-to-passive-income-for-the-full-time-dad
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