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" Genuine estate": Oxford English Dictionary online: Recovered September 18, 2011 James Chen (May 2, 2019). " What Is Real Estate?". investopedia. com. Obtained is an investment property worth it , 2019. " Title 16. Conservation; Chapter 1. National Parks, Armed Force Parks, Monuments, and Seashores; Minute Man National Historical Park". United States Legal. Kimberley Amadeo (March 28, 2019). " Property, What It Is and How It Functions".

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In 2017, Rachel Richards invested in her first duplex with her partner Andrew Fazzone. Over a few years, they obtained a six-building portfolio that brings in about $10,000 a month. Richards, who retired at age 27, teaches others how they can do the exact same by earning passive income. Visit the Company section of Expert for more stories.

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Richards paid her method through three years at Centre College in Kentucky offering cutlery and graduated summa cum laude with a degree in financial economics. She held down five-figure tasks in sales, consulting, and financing while her partner, Andrew Fazzone, earned a modest salary through functions in the IT and cybersecurity industries.

They each contributed $10,000 they had actually conserved for the $20,000 deposit. Financial freedom didn't come simple for the couple. They spent the next few years saving as much as they could in order to funnel those funds into future investment properties." I'm not a trust fund baby," Richards told Insider.

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Richards, who left her 9-to-5 job as a senior financial analyst, has actually written two best-selling books; most recently, she self-published "Passive Earnings, Aggressive Retirement: The Secret to Flexibility, Versatility, and Financial Independence." Her other primary passive earnings streams boost the couple's intake as much as more than $15,000 a month. On an episode of the Property Rockstars podcast, and in a follow-up interview with Insider, she broke down how she and Fazzone got to this point.

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Right away, she stated on the podcast, it provided capital of $500 a month in rent from renters. Now it generates around $800 to $900 a month. The duplex, Richards added, was the couple's initial investment together, but they were currently collecting rent from Fazzone's very first residence in Louisville.