Creating $5,000 Per Month in Passive Income, VTBs and JVs with Edna Keep

Georges El Masri, a successful realtor and podcast host, recently invited Edna Keep on his show. An inspirational figure, Edna is a renowned expert in passive income who transitioned from a real estate investor to a leading authority in this domain. Edna's strategies have empowered many to seek financial freedom by creating substantial passive income streams. 

Creating $5,000 Per Month In Passive Income, Vtbs And Jvs With Edna Keep

Georges El Masri, a successful realtor and podcast host, recently invited Edna Keep on his show. An inspirational figure, Edna is a renowned expert in passive income who transitioned from a real estate investor to a leading authority in this domain. Edna’s strategies have empowered many to seek financial freedom by creating substantial passive income streams. 

In this enlightening episode, Edna shares her valuable insights, journeys, experiences, and proven strategies to create $5,000 monthly in passive income. With her profound knowledge of Vendor Back Mortgages (VTBs) and Joint Ventures (JVs), she reveals these strategies’ unlimited potential in real estate investing.

Moreover, Edna generously discusses her journey as an investor and how she harnesses the power of these investment strategies, which have transformed her life and the lives of many others. 

Sit down with Georges and Edna as they delve deeper into passive income. By the end of the episode, you’ll have an in-depth understanding of VTBs and JVs and how to leverage these strategies to create a passive income stream.

But first, if you want financing for your next investment and want to know what type of collateral may be involved, click the link below for a free strategy call with our mortgage team at LendCity to discuss your specific situation.

Understanding Passive Income: What is it and Why is it important? 

As Edna Keep explains, passive income refers to a constant stream of earnings from an initial investment or business that does not require continuous active involvement. It permits financial freedom, allowing individuals to invest their time in their passions instead of constantly working. 

Georges El Masri and Edna Keep elaborate on why passive income is crucial: 

“Generating passive income permits you to create multiple income streams. It’s an excellent strategy to financially secure yourself and your family, should one revenue stream suddenly vanish.”

Advantages of Passive Income 

  • Financial Security: It provides a secure financial future by continuously earning without the need for constant work.
  • Time Flexibility: Passive income can create more free time, requiring minimal active involvement after the initial setup.
  • Independence: It can lead to financial independence, enabling you to choose life and work freely.

After grasping the basics of passive income and its importance, the conversation shifts toward Edna Keep’s journey as a real estate investor who transitioned into a passive income expert.

Edna Keep’s Journey: From Real Estate Investor to Passive Income Expert 

With time, Edna Keep’s approach toward real estate investment evolved dramatically. Like many others, she began by physically investing in properties before exploring more innovative, less labour-intensive forms of investment. This strategic shift ultimately led Edna toward the world of passive income.

Edna discovered the power of passive income through her real estate investments. As her properties appreciated and generated consistent rental income, she realized the potential of passive income: creating a steady stream of wealth with minimal continuous effort.

Edna’s transition from a traditional real estate investor to a passive income expert was not sudden. It was a gradual process that stemmed from her increasing desire to break free from the constraint of her time and effort tied to income. She started exploring investment structures such as vendor take-back mortgages (VTBs) and joint ventures (JVs), allowing her to leverage others’ resources while minimizing her involvement.

“The idea of passive income is to make money while you sleep. You do the work once, and then the income keeps coming,” Edna said during her conversation with Georges.

Beyond real estate, Edna Keep ventured into various other investment platforms, such as public speaking, authoring educational materials, and running online courses. This diversified income stream further strengthened her belief in passive income and its power to create financial freedom.

Edna’s experiences have shaped her into a firm believer in passive income, inspiring others with her passion for long-term financial security.

Edna’s journey has changed her life and positively impacted many others. Her story inspires others to look beyond traditional, time-requiring investments and introduces them to the benefits of passive income. By sharing her journey and expertise, Edna continues to inspire and teach others about the potential of passive income to create a stress-free financial future.

The Power of VTBs (Vendor Take Back Mortgages) 

In conversation with Georges El Masri, Edna Keep passionately explained what a VTB is and how it can be used to build a passive income stream. This financial tool can transform a real estate investor’s portfolio depending on its proper use. 

Edna Keep mentions that a vendor take-back mortgage (VTB) occurs when the property seller or vendor agrees to finance a portion of the property’s price for the buyer. By doing so, the buyer can purchase the property with a lesser upfront amount. The buyer then makes regular payments to the seller, similar to a traditional mortgage. 

The Advantages of VTBs 

  • Flexible Financing: Edna pointed out that VTBs allow buyers with less capital to begin investing in properties. It also allows sellers to sell their property more quickly as they offer lenient financing terms.
  • Investment Growth: VTBs can help investors grow their portfolios quickly. By leveraging the seller’s financing, buyers can invest in more properties than they could traditionally.
  • Passive Income: By providing a VTB, sellers can earn a steady income stream after selling their property. Edna emphasizes that this can significantly contribute to one’s passive income.

As beneficial as they are, VTBs also come with risks. Edna Keep suggests transparency and extensive legal consultation as two significant safeguards. It’s equally important for both buyers and sellers to understand the terms of the agreement and to be able to meet the payment obligations. With these precautions, VTBs can become a powerful tool for financial freedom.

How to Create $5,000 per month in Passive Income: Edna Keep’s Strategies 

Creating a substantial monthly passive income may seem like an unattainable goal, but it becomes much less daunting with Edna Keep’s strategies. 

The initial step towards creating a monthly passive income is finding the correct investment. Edna Keep emphasizes investing in something you understand and believe in. For her, that investment has always been real estate. 

Edna Keep firmly believes in the potential for wealth creation through real estate investment. She explains that the key is to purchase properties that generate more rent than their associated costs — including mortgage payments, taxes, and maintenance. According to Edna Keep, this strategy can make real estate a consistent and predictable source of passive income. 

Another essential part of Edna Keep’s strategy is buying with a long-term plan. It’s not just about making quick returns. Instead, consider how the property might appreciate over time and how it fits into your financial goals

The concept of leverage in real estate is also a crucial component of Edna Keep’s strategy. Leverage entails using borrowed capital to increase the potential return on your investment. Simply, you’re using someone else’s money to generate income. 

Maximizing cash flow is the final step to creating a $5,000 per month passive income, according to Edna Keep. This could mean increasing rental income, reducing expenses, or both. 

Remember, the goal here is more than just covering your costs. You want your investment to generate a significant monthly surplus — in this case, at least $5,000. Edna Keep assures this goal is achievable with the right investment strategy, a good understanding of your market, and the discipline to manage your properties effectively. 

While this might seem like a lot, Edna Keep reassures that anyone can create a substantial monthly passive income through real estate investments with the proper knowledge and commitment.

Exploring Joint Ventures (JVs) in Real Estate: A Lucrative Opportunity 

A joint venture in real estate occurs when two or more parties share the ownership of a property. Georges El Masri spoke with Edna Keep about how joint ventures can become a great source of passive income. With her extensive real estate investment experience, Edna outlined how JVs can be a highly lucrative opportunity – if adequately leveraged. 

Joint ventures, or JVs, are all about pooling resources. Unlike traditional property investing, where one party owns and manages the property and the other rents it out, JVs typically involve multiple partners sharing the ownership, costs, and benefits. Edna underlined the power of JVs, saying, “This method enables the participants to share resources and risks while also reaping the benefits of their shared investment – a truly proven path towards earning passive income.” 

Benefits of Joint Ventures in Real Estate 

  1. Shared Risk: In a joint venture, all partners share the financial risk associated with the investment. It’s not all on one person’s shoulders.
  2. Combination of Expertise: Each partner can bring different skills and knowledge. This can help to make better decisions and maximize returns.
  3. Greater Financial Capacity: More partners mean more money available for investment. This can lead to larger projects and potentially higher returns.

According to Edna, joint ventures are a fantastic way to take advantage of the power of combined resources and diverse expertise, which can create lucrative opportunities. She noted, “It’s not just about the money. The ability to learn from your partners and build relationships is also a significant advantage of joint ventures.” 

Success with joint ventures, much like any form of investing, requires clear communication, mutual respect, and alignment of goals among the partners. Edna concluded, “With a strong team, a clear strategy, and a shared vision, joint ventures in real estate can pave the way to creating significant passive income.”

Tips for Getting Started with Passive Income: Edna Keep’s Advice 

As you venture into generating passive income, let’s dive into some valuable insights shared by Edna Keep during her conversation with Georges El Masri. Her tips aim to guide beginners and seasoned investors alike, highlighting important factors to consider, strategies to adopt, and pitfalls to avoid. 

Start Small but Dream Big 

To Edna, starting small is the first tip for creating passive income. There’s no need to rush into buying a massive apartment complex. She believes in the saying, “Rome wasn’t built in a day,” which also applies to generating passive income. But while you are starting small, she reminds everyone not to limit their dreams. Dream big, and let these dreams guide your journey. 

Education and Continuous Learning 

Education is fundamental in Edna’s approach to generating passive income. She emphasizes the need for continuous learning and keeping up-to-date with real estate trends, particularly in VTBs and JVs, which she views as powerful tools in the industry. 

Collaborate and Network 

Edna stressed the importance of building a network and forming partnerships. By working with others, you broaden your knowledge, gain valuable insights, learn from their experiences, and potentially collaborate on lucrative Joint Ventures. 

Mindset and Mentality 

Lastly, Edna spoke about the importance of maintaining a positive mindset. She views failures and setbacks as opportunities for growth instead of obstacles. Embracing this mentality can smoothen one’s journey in creating passive income.

Edna’s insights into creating passive income are a valuable resource to anyone looking to venture into real estate investment. Edna believes anyone can generate a substantial passive income, regardless of background or prior knowledge, by starting small, seeking education, forming collaborations, and maintaining a positive mentality. 

To get the most out of Edna’s advice, it must move beyond theory and be put into practice. The next section of this article will look at some inspiring stories of individuals who heeded Edna Keep’s advice and succeeded in real estate investing.

Conclusion: Inspiring Stories of Financial Freedom through Passive Income 

As Georges El Masri wraps up his enlightening conversation with Edna Keep, it’s evident from their discussion that passive income can provide remarkable financial stability. The path to financial freedom isn’t easy, but these inspiring stories shared by Edna attest to the power of perseverance and intelligent strategy. 

“When you harness the power of passive income, you create not just financial gains, but freedom in your schedule and lifestyle as well,” said Georges El Masri to his listeners, echoing an important point made by Edna Keep.

Georges El Masri brought Edna Keep’s journey to light, demonstrating that anyone, regardless of their background, can reap the benefits of passive income, given the right mindset and tools. As a real estate investor and passive income expert, Edna has achieved substantial monetary benefits and the freedom to invest her time. 

Edna Keep shared several success stories that inspire those pursuing financial passive income. 

  1. Story 1: Contacted by a frustrated landlord eager to sell his property, Edna leveraged vendor take-back mortgages and used her negotiation skills to acquire the property without any down payment.
  2. Story 2: Through a joint venture, Edna partnered with a like-minded investor, enabling her to build a successful multi-unit rental property that now brings in consistent monthly income.
  3. Story 3: Edna followed her passion for coaching and launched online courses, tapping into a different form of passive income. In conclusion, Edna Keep’s insightful lessons and success stories are a robust guide, demonstrating how passive income can help attain financial freedom. Regardless of the paths chosen, whether real estate, teaching, or a plethora of other possibilities, what remains constant is that strategic planning, persistence, and a growth mindset can pave the way toward building a successful income stream. “Take that first step. It’s not going to be easy, but believe me, it’s going to be worth it,” concluded Edna Keep, leaving the listeners with a powerful note of motivation. 

If you are ready to start investing today and want more information about how your mortgage may be secured – or are looking to apply for a mortgage today – click the link below for a free strategy call with our mortgage team at LendCity today.

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