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Achieving Financial Freedom with Passive Income
Blog / Marketing / Mar 11, 2024 / Posted by Justin Moy / 17

Achieving Financial Freedom with Passive Income

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I talked to Justin Moy, who’s excellent at making money without working all the time. He used to work in sales but got tired of it. So, he decided to make money in a way that didn’t need him to work non-stop. His goal was to not rely on his regular job for money within ten years.

Justin told me about the FIRE movement. It’s about making enough money from investments so you can stop working early. This idea is popular with people who don’t want to be stuck in jobs they don’t like forever.

Investing in Big Properties

Justin’s strategy focuses on large properties, such as multifamily apartment complexes and self-storage units, which present a lucrative opportunity for investors. By joining forces, investors can pool their resources to afford significant real estate ventures that would be out of reach for them individually. This collective investment approach not only opens the door to more substantial, higher-yield opportunities but also diversifies risk across the group.

Real estate, especially commercial and multifamily properties, often offers more attractive returns than traditional stock market investments. Additionally, real estate comes with considerable tax advantages, such as depreciation and mortgage interest deductions, which can significantly enhance the overall return on investment. Justin’s emphasis on these large-scale investments highlights their potential to generate substantial passive income, providing a steady cash flow supporting an investor’s financial independence goals.

How to Start Investing in Real Estate

Justin suggests a starting capital of at least $25,000 for those new to real estate investing. This initial investment is a gateway to the real estate market, allowing individuals to become part of larger, potentially more profitable projects. The allure of real estate investing doesn’t just lie in the potential for high returns but also in the tax benefits it offers. These can include deductions for property depreciation, maintenance costs, and interest on loans, which can significantly lower the investor’s taxable income.

Choosing the right real estate project is crucial; it requires thorough research and a clear understanding of one’s financial goals and risk tolerance. Some projects focus on generating immediate cash flow, offering annual returns around 10%, while others might involve more substantial development or renovation efforts, aiming for returns between 15% to 25%. This variation in return potential underscores the importance of aligning investment choices with personal financial objectives and the level of involvement one wishes to have in managing the investment.

The Future of Real Estate

Looking ahead, Justin sees a big chance to make money in data centers and warehouses, especially near the southern border. There might be good deals on warehouses that can be turned into data centers.

Justin is really into helping salespeople make money without selling all the time. He knows salespeople don’t always have good ways to invest their money. He wants to show them how to make passive income so they’re not just relying on their day jobs.

When to Start Investing

At the end of our chat, I asked Justin when was the best time to start investing. He said the best time was ten years ago, but the next best time is right now.

Talking to Justin made it clear that making money through real estate investing is a solid way to stop relying on a regular job. It’s never too late to start on the path to financial freedom.

About Author

I am passionate about helping individuals create generational wealth & passive income by bridging the gap between capital and reliable, consistent, and profitable commercial and multifamily properties. With over 10 years of experience in the real estate industry as an owner, investor, and syndicator, My team and I have helped multiply millions of dollars for our accredited and non-accredited investors. I specialize in helping high-performing professionals buy back their time with highly effective real estate assets that give cash flow, appreciation, and extremely favorable tax benefits.

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