But how much do you need to invest in real estate and generate steady passive income?

I 100,000% would recommend this program to anyone who is interested in the BRRRR strategy and wants to make moves in building generational wealth.

Attend local REI (Real Estate Investor) meetups and consider joining online communities like Bigger Pockets for continuous learning.Step 2: Be Strategic About WholesalingWholesaling can be a great way to generate capital, but it’s essential to fully understand the legal and logistical intricacies.

My main plan to use real estate for is to eventually generate passive income.

But if you want to build passive income and generational wealth and have a partner or spouse, you need to do it together.Last note for house hackers: this is most important for you.

What constitutes a good location in Kansas would be totally different then NYC.We can assume, a locations proximity to TRAFFIC, either pass by or generated by location would be key.

During this time you are not generating any return from the money invested in the ADU.

Pace is building and nurturing all aspects of the Creative Finance REI ecosystem, but he’s also building the next generation within the community.

The reality is that the new generation of native-born Americans don't want to build houses, they all want cushy high-paid jobs in tech or finance etc. or to get rich quick off of crypto or being a youtuber or running internet businesses, etc. very few of them want to work in the trades. 

Add $12k to your cost, generate an additional $200 / month in NOI, and now you’re at a 5.52% cap.