Hypothetical Question- Hands Off REI

[Jon Passow]

Ok, hypothetical question. Let's assume money wasn't an issue, maybe you won a lawsuit, or discovered gold in your backyard that ancient Egyptians dumped there 2,000 years ago so the vikings that were chasing them wouldn't steal it, who knows.

With a portion of this money, you wanted to start doing BRRR to build your real estate empire over time (maybe it'll take you a year or maybe 10). Now here's the catch, you wanted to do the LEAST amount of work possible (ie: find the deals, buy the property, have other people do all the work) AND enjoy the rewards of having passive income (reinvesting profits, traveling, enjoying life, being able to manage the business remotely).

HOW would you set it up from the start to become what's listed above? How would you continue to manage it in the future so that you are still involved, driving the ship and not letting your investments go to waste?

[Thomas S.]

You could be a cash partner with someone else that is qualified and willing to do all day to day management. You could then be involved as little or as much as you wish. Alternately you could invest in turn key and concentrate on managing your PM.

No way you can have passive income in real estate if you are managing yourself.  Turn your back and it could easily go to h*ll.

You must manage your properties or manage your employees. Real estate investing is a a bigger job that most realise.