Is passive income, a myth? The short answer is no, absolutely not. But the term "passive income" has been co-opted as a marketing phrase by an entire online industry, usually selling courses for producing passive income that in reality are far from passive. On this week's episode of the Truly Passive Income podcast. That's what we're going to talk about. Timestamps[00:00] Intro[00:47] Neil Henderson's Background and Journey in real estate investing[02:20] Clint Harris' background and experience in real estate[04:30] The Myth of passive income and the reality behind it[07:05] Wholesaler progression and the need for truly passive income sources[09:08] A brief overview of various truly passive income strategies[11:15] Real estate syndications as a passive income option[13:48] The benefits of investing in real estate syndications[15:43] Limited partners in syndications and passive investment opportunities[18:25] The rising number of syndication opportunities in the current market[21:32] The importance of calculated risk and networking in real estate investing[22:13] Wrap-up and plans for future episodesKey Take AwaysThe myth of passive income: The hosts discuss the misconceptions around "passive income" and explain that many so-called passive strategies still require time, effort, and expertise.Wholesaler progression: The typical journey of a wholesaler, from hustling for deals to realizing the need for passive income, and eventually exploring multi-family properties and syndications.Truly passive income strategies: The hosts list various truly passive strategies such as savings accounts, bonds, stocks, mutual funds, REITs, and real estate syndications.Real estate syndications explained: A brief overview of real estate syndications, where a group of investors joins together to invest in larger assets they couldn't afford individually, like apartment buildings or self-storage facilities.Inflation protection with real estate: The hosts highlight the benefits of investing in real estate syndications, which can offer some protection against inflation due to long-term fixed-rate debt.Quote: "Eventually every young person with hustle has to get to the point where the time is worth more than the money and they're looking for passive investments." – Clint Harris, explaining the need for truly passive income sources.Syndication opportunities on the rise: Clint mentions the growing number of syndication opportunities in the current market, with more access to networking, deal identification, and market demands than ever before.Limited partners in syndications: The concept of limited partners, who contribute capital to syndications and are passive investors, expecting returns from the project's success.The importance of calculated risk: The hosts emphasize the difference between taking on risk and taking calculated risks, especially when investing in businesses or syndications.Quote: "The day you stop working is the day you stop getting paid." – Clint Harris, highlighting the importance of creating passive income sources for long-term financial stability.Support Our ShowFollow us on Twitter @trulypassiveFollow us on Facebook at TrulyPassiveIncFollow us on TikTok @TrulyPassiveIncomeSign up for our FREE Passive Investor...

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