I’m about to hit $50k/mo from my passive real estate investments, and let me tell you..
If you want to be a full time traveller, enjoy all the beauty things that this planet has to offer and live the life you really want to live, you have to be financial free. And with financial free I mean earning money while you sleep, enough cash to cover all the expenses the life of your dreams demands. Got the point?

I have 6 streams of income:

Real estate
Commodities
Companies dividends
NPLs
Portfolio
Interests from deposits

No amount of active income feels as good as passive income and today I’d like to say something about passive income from real estate.

An analysis, to use for your own passive targets:

Take your annual income, and multiply it by 10.

This will give you roughly the amount of net worth you need to have to COMFORTABLY replicate you active income.

Start with one piece of real estate and use leverage. Leverage is the key, stop thinking in terms of TFM “time for money” and start using the word “leverage”. TFM doesn’t work. If you’re still renting out your time for money, you are in the wrong side of the boat. Leverage, leverage, leverage.
Without leverage you’ll never be financial free.

Develop skills and critical thinking and use OPT (Other People Time) and OPM (Other People Money).

Make sure debt service coverage is at 1.3 or higher so the debt doesn’t cost you anything. And make sure it cash flows ~3% of the total “value” of the property.

Don’t spend the money for at least the first year.

Let it build up it’s on cash reserves. That way you never have to worry about it vacancy or maintenance costs.
Keep your lending to MAX 75% LTV.

That means even if a lender only requires 20% downpayment, put down 25%. This keeps you from over-leveraging and you’ll be glad in the long run.
Rinse and repeat.

And don’t rush through it. The process is fun if you make it fun!