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Updated about 9 years ago on . Most recent reply

User Stats

187
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Craig Moore
  • Commercial Property Manager/Facilities Manager
  • Boston, MA
41
Votes |
187
Posts

How do you define real estate as a stream of income?

Craig Moore
  • Commercial Property Manager/Facilities Manager
  • Boston, MA
Posted

Hi BP,

I have a pretty simple question as I'm planning out my future as an entrepreneur. AVG Millionaire is said to have over 7 (or several depending on volume) streams of income. I was wondering, is real estate investing in itself ONE stream or is it an umbrella term for multiple streams? For example, when making a list of your streams of income is it right to say that real estate is your only one even though you may have 7 properties (7 streams)? I would like some clarity on that. If you have 7 houses that's technically 7 streams, but it only falls under one category (REI), so in trying to create streams, would you go by how many categorical incomes you have or ACTUAL income streams?

Thanks,

EDIT: I posted this in general real estate investing to no avail and figured I would try it here. Sorry in advance for the repost!

Most Popular Reply

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6,408
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2,655
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Brent Coombs
  • Investor
  • Cleveland, OH
2,655
Votes |
6,408
Posts
Brent Coombs
  • Investor
  • Cleveland, OH
Replied

@Craig Moore, if you find your niche in Rentals, please don't panic at the thought of needing to find other sources of income as well! You don't NEED to be the average millionaire. Cheers...

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