Passive Income - How We Became Financially Free At 27 Years Old

How we made enough passive income to become financially free at 27 years old!

Airbnb Investor Academy: https://financial-freedom-university2...

Check out all the resources I offer!
https://stanwith.me/melefante6

Real Estate Investing 101 Course:
https://financial-freedom-university2...

Some of my favorite books for real estate investing and financial freedom:
Rich Dad, Poor Dad: https://amzn.to/36bbLMO
The Millionaire Real Estate Investor: https://amzn.to/2YeAxHC
Buy, Rehab, Rent, Refinance, Repeat: https://amzn.to/3sW3WVm
Cash Flow Quadrant: https://amzn.to/39gAuBF

Learn how to find the perfect market, location and type of property for your short term rental (Airbnb). This is where I always start - it's the best source of Airbnb data out there that gives you the insights you need to make informed decisions. Airdna
https://lddy.no/tld7

This is the software I use to manage and automate my Airbnb listings and also communicate with our cleaners. This saves SO much time and enables us to self manage and save thousands of dollars by NOT paying a property management company. YourPorter:
https://yourporter.com/?r=michaelelef...

Make more money by pricing your Airbnb rentals appropriately. This will intuitively change pricing for you based on demand in the area! This is also a big time saver! Link below will save you $10! Pricelabs:
https://pricelabs.co/users/sign_up?re...

Here is a detailed breakdown of how to make passive income and reach financial freedom in your 20s. This video is suitable for those wondering how to make money in real estate or how to invest in real estate for passive income.

If you are wondering what the financial freedom movement is all about - it's truly not as much about money as it is about the concept of time! Doing what you want, when you want, with whom you want, where you want. If you take daily action, you can truly follow simple steps to financial freedom.

We invest primarily in short term rentals and list our properties on Airbnb and VRBO. The return on your investment (both cash on cash return and total return on investment) will typically be substantially higher with a short term rental versus a long term rental.

The three key ways to grow your wealth and net worth in real estate is through cash flow, principal (loan) paydown and appreciation. Investing in rental properties has always been the golden ticket to passive income and once your rental income exceeds your monthly living expenses, you are then considered financially free!

There is a reason that the majority of millionaires and billionaires invest in real estate. It is one of the best ways to build generational wealth over the long term AND puts money in your pocket every month.

So if you are wondering how to become a real estate investor, follow along and I promise you can achieve similar if not better results in no time!

My favorite credit cards:
- Amazon Prime Visa
- Citi Double Cash Back Card
- American Express Blue Cash Preferred Card
- Discover it Cash Back Card
- Chase Freedom Unlimited

Ways to make money in real estate:
- Short term rental
- Long term rental
- Wholesaling
- Commercial real estate
- Flipping
- BRRRR strategy (buy, rehab, rent, refinance, repeat)
- Lease option
- Become a real estate agent

Other topics that are relevant to his video:
Building your credit score
How to fix a bad credit score
- You typically need a good credit score to be able to buy houses and invest in real estate

Passive income ideas
Passive income 2020
Passive income investments
Passive income online
Passive income lifestyle
Financial Independence Retire Early

Investing for beginners
investment property for beginners
Investing in bitcoin - just kidding, most of my videos have nothing to do with bitcoin :)
Investing in gold
Investing 101 - the basics of investing
How to become a millionaire
How to become wealthy


I can also teach you how to invest in real estate with no money. Even if your main strategy is investing in 401k, Roth IRA, the stock market or index funds, it is a good idea to at least learn how people make money in real estate, as it can be a valuable part of your retirement strategy.