How to Invest Wisely with Real Estate ft. Monick Halm
The entire crew is here to discuss Real Estate and the power of Investing. Together -yes, Lovely has blessed us with her presence (LOL). Today we have a guest, Monick Halm (Real Estate Goddesses).
Monick shares her story from practicing law to creating a multi-million real estate investing company with her husband. She provides great insight into the fluctuation of the economy and the importance of creating multi streams of passive income.
Table of Contents
Passive Income through Real Estate
One of the best ways to generate passive income is through real estate. Buying a rental property can be hell at first, however over time it will become an asset to your monthly cash flow. While, there are some costs associated with owning a rental property, such as property taxes, insurance, and maintenance. However, the rent you collect should cover these costs and leave you with some profit each month.
Another way to generate passive income is through real estate investment trusts (REITs). REITs are companies that own and operate income-producing real estate. When you invest in a REIT, you will own a small piece of each property that the REIT owns. This means that you will receive a portion of the rent that the REIT collects from its tenants. REITs are a great way to invest in real estate without having to buy and manage your own properties.
Finally, you can also generate passive income through real estate crowdfunding. Real estate crowdfunding is a way to invest in real estate projects with other investors. When you invest in a real estate crowdfunding project, you will receive a portion of the profits from the project. Real estate crowdfunding is a great way to invest in real estate with a relatively small amount of money.
Beyond the Power of Real Estate
The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the wealth gap while embracing our differences. There is power in owning our stories and buying assets. Beyond that, we talk about Finances. Specifically, how to become Financially literate, incorporate actionable steps, and ultimately build generational wealth.
Can you imagine being a Millionaire in 20 years or less? Yeah, it’s possible. 80% of millionaires are the first generation. That means they didn’t come from wealth. The hosts were able to amass over $2.5 Million in wealth in about 9 years and are on track to retire early.
Stick around if you want to learn. If you like this, check out the Top 10 Financial Literacy YouTubers for Beginners.
Find the TFG Crew Hosts on Instagram
- Alainta Alcin – Blogger, Travel and Money Enthusiast @alainta_alcin
- Lovely Merdelus – Entrepreneur and Small Business Growth Specialist @lovelymerdelus
- Lawrence Delva-Gonzalez – Federal Auditor, Blogger, and Tax Specialist @theneighborhoodfinanceguy
About Author
