Aileen Prak
๐ค SpeakerAppearances Over Time
Podcast Appearances
And so one of the areas that we focus on primarily are like multifamily syndications where that is like a true passive, what we call mailbox money type of investments where you're partnering with different sponsors in the market who are doing the operations.
They're talking to the property managers or working with the residents.
where the investors themselves are just bringing the capital they can partner on, they can enjoy the cash flow.
And at the same time, at the end of the life cycle of the project, they can also enjoy the appreciation at the same time.
So they're not having to deal with all the active side of things of real estate, where they can just truly focus on just getting that cash flow and just very, very hands off.
Yeah, absolutely.
Because what we've noticed now is that we're able to, the mind shift now is, you know, let's try to make our money work for us instead of us having to work for money.
So instead of leaving it, you know, working and trading our time, working in a W-2,
we can take the money that we've earned and saved up.
And instead of letting it sit in some type of savings account where you're really, at least in the U S you're really not earning very much on it at all.
You can take that money and then invest it in some type of real estate property and then, you know, enjoy the cashflow that's coming from it because they're backed by solid, stable assets, something that you can actually physically see something that you can easily touched.
And that's a big mindset shift that a lot of people are looking at now that there's other ways out there.
I don't necessarily have to work my full W-2 job.
I can create this passive income for myself in case something happens.
And so eventually, if I can create enough passive income to cover my expenses, now I'm able to achieve that financial independence.
And I don't have to be dependent and reliant on just my W-2.
In case something happens, I have some backup income that I can rely on.
Yeah, we can invest.
We can live wherever we choose to at this point in time.