Building Multiple Streams of Income using Passive Real Estate Investments with Jeff Anzalone
In this episode, we talk about two key setbacks that shifted Jeff Anzalone’s mindset towards building multiple streams of passive income, why he doesn’t invest in single-family rentals, the lessons learned from losing his first $50,000 he invested in a syndication, and the great question he uses to find other potential groups to invest with.
Dr. Jeff Anzalone is a full-time practicing periodontist in the great state of Louisiana, author, and founder of DebtFreeDr.com. He focuses on teaching doctors and other high-income professionals to create passive income from real estate so that they can STOP trading their time for money.
In This Episode We Cover:
How school may give you the knowledge to practice your profession but not prepare you for actually practicing it
How a skiing accident helped him realize how precarious his economic future was even with a high-paying, safe, secure job
Why 90% of all millionaires have real estate in their investment portfolios
Why high-income earners should focus on their core money-making ventures and leave the active real estate investing to others
Why he doesn’t invest in single-family rentals
The lessons learned from losing the first $50,000 he invested in an apartment syndication
Why he doesn’t like investing in syndications through crowdfunding platforms
What led him to choose apartment syndications over other asset classes
How he would go about educating himself on apartment syndications if he were starting over
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