The Passive Income Lie Nobody Talks About | E45

Описание: 0:00 – Teaser intro
01:51 – Updates and wealth building tips
20:53 – Is real estate investing truly passive income

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Is real estate investing truly passive income, or is that just good marketing? In Episode 45 of The Broke Millionaires, we break down the reality of rental properties, value-add real estate, house flipping, property management, cash flow, and what financial freedom actually requires behind the scenes.

In this episode, Joshua and Lauryn challenge the idea that passive income from real estate just shows up without effort. Whether you’re buying rental properties, renovating value-add apartments, managing short-term rentals, or building long-term wealth through real estate investing, the truth is this: it’s not passive in the beginning.

They share the real behind-the-scenes experience of building cash-flowing assets while raising a young family — including renovation setbacks, contractor management, property manager stress, tenant issues, and even a full sewer line backup that forced them to tear out drywall and start over.

💡 What We Cover

• Why rental income is rarely passive from day one
• The myth of “set it and forget it” real estate investing
• Why hiring a property manager doesn’t eliminate stress
• The risk and late nights behind building cash flow
• Being house rich but cash broke
• The emotional and financial toll of value-add investing
• Why building wealth can feel lonely
• How systems and automation make income more passive over time

🏠 Passive Income Is Built, Not Bought

Joshua shares a key insight: passive income isn’t something you buy into — it’s something you build into.

Real estate becomes more passive when:
• Systems are documented
• Teams are built
• Screening is automated
• Standard operating procedures are in place

Over time, the phone rings less and decisions become fewer. But early on? It’s work, risk, pressure, and resilience.

👨‍👩‍👧‍👦 Building Wealth With Kids

Layer in young kids, renovation projects, moves, and cash flow constraints — and the journey gets even more real. This episode dives into the practical and emotional reality of pursuing financial freedom while raising a family.

If you’re serious about rental properties, house hacking, flipping homes, short-term rentals, or scaling a real estate portfolio, this episode will reset your expectations and sharpen your strategy.

🔗 Links & Next Steps

Instagram: @thebrokemillionaires_

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Legacy Wealth Builder: bmlegacywealthbuilder.com
(Info + schedule a call)

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This podcast is for informational purposes only and is not financial, tax, or legal advice.

#RealEstateInvesting #PassiveIncome #RentalProperties