Journal Club 8-27-21 - Passive Income

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Journal Club 8-27-21

Journal Club 8-27-21

August 27, 2021 • 3 Min Read

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Here's Journal Club 8/27/21! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life this week. Be safe and stay well!


Quick Announcement: Our annual conference, Financial Freedom Through Real Estate, is now open. Come listen to 20+ amazing speakers (including Brandon Turner of BiggerPockets and Ken McElroy of the ABCs of Real Estate Investing) share their experience & knowledge to help you achieve your investing goals. Make sure you save your free seat here!

  • As a doctor interested in passive real estate investing, you might have questions about setting up an entity for your business. Surely you've heard of LLC, S Corp, or C Corp but are not quite sure which of these options would be a good fit for your business, and how do you get started? Then you can find answers to some of those frequently asked questions in the article, Benefits of using LLCs for Rental Property by the author of the Real Wealth Network
  • If you wish to create a significant impact on your quest for financial freedom, it's essential to understand the different ways to earn a higher income. Coach Carson talks about The Cashflow Quadrant – How You Earn Income Matters. A concept based on Robert Kiyosaki's book about different ways to achieve financial independence. 
  • If you've been eyeing short-term rental properties as your next investment opportunity, then it's helpful to understand the hottest destination for those assets. The author of Short Term Sage highlights the merits of investing in Miami as it sees heavy footfall no matter what time of the year. Read this article, Top 6 Reasons Why You Should Invest in Short-term Rentals in Miami, to gain some investment insights.
  • As an investor, what do you think is more critical when buying a property? Is it asset appreciation or cash flow? Well, according to the author of Invest Four More, cash flow should be your primary objective, while property appreciation can be a nice bonus. So when I talk about cash flow, you might wonder what's a good amount to receive from a rental property to consider investing in it? To know that, check out this article, How much cash flow do you need on rental properties?

That's all for this week. I hope this week's journal club was helpful.

Came across any interesting articles this week? Please share them in the comments below!

Thank you for reading and sharing!

Peter

Disclaimer: The topic presented in this article is provided as general information and for educational purposes. It is not a substitute for professional advice. Accordingly, before taking action, consult with your team of professionals.

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