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So my friend and I were discussing passive income last night. He went on and on (and on) about how passive income is not all its cracked up to be. He is totally focused on net worth building and says he doesn't ever want to convert to passive.
In our discussion, I told him of some of you on this site who receive passive income from apartment buildings. I obviously have no idea how much any of you get per month, but I told him its not impossible to receive large amounts each month and that I'm sure some people make $25k net/month in passive income and only work because they choose to. He said yeah, like probably 0.00001% of real estate investors make that much passively and most probably make $5k net/month max.
Sorry to totally ramble. How many units do you think it takes to make $25k net monthly cashflow from apartment buildings? 100 units? 1,000 units? 10,000 units? Do you think my friend is right that that few of investors actually make that type of money? I recall Rich Dad stating he makes over $100k a month in passive income from apartments.
In our discussion, I told him of some of you on this site who receive passive income from apartment buildings. I obviously have no idea how much any of you get per month, but I told him its not impossible to receive large amounts each month and that I'm sure some people make $25k net/month in passive income and only work because they choose to. He said yeah, like probably 0.00001% of real estate investors make that much passively and most probably make $5k net/month max.
Sorry to totally ramble. How many units do you think it takes to make $25k net monthly cashflow from apartment buildings? 100 units? 1,000 units? 10,000 units? Do you think my friend is right that that few of investors actually make that type of money? I recall Rich Dad stating he makes over $100k a month in passive income from apartments.
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