
Creating Financial Freedom through Passive Income
Have you been on vacation and wondered how do people make money or survive while living there? I have these thoughts when we travel to Montana where my wife grew up and went to school. We recently vacationed and toured her college hometown where she went to Montana State University in Bozeman. We typically go in the summer, so it is easy for us to be in awe of the beautiful mountain area and weather. When we go on vacation, I like to connect with a commercial real estate professional to get their insights on the market and did so while vacationing in Bozeman. There are tech, tourism, bioscience, and education industries, however, the commercial real estate professional mentioned many people live off their passive income. Creating financial freedom through passive income is powerful!
What is passive income? This is income that comes from the money you have invested, also known as mailbox money. There are many types of investments out there, but the one I am the most passionate about is investing in multi-family real estate. Below are 5 reasons why I think everyone should consider diversifying their investments into multi-family real estate.