hey guys i'm flippin landlord ninja and i wanna talk about how i make money
24 hours a day and how you can do the same and i'm not talking about becoming
some kind of cyborg and working 24 hours a day even though that would be kind of cool
no i'm talking about building passive income if you've been following us at
all you know that kevin and i started out with no knowledge and no money
yet what we did was we surrounded ourselves with people that were smarter than us and you can do
the same by making sure you hit that subscribe button and also that notification bell icon
so first let's talk about what passive income is honestly i'm not a huge fan of the phrase because
it has a connotation that it's kind of a get rich quick scheme but it's none of the such you
actually have to put a lot of work in but what you're doing is you're putting work in now that
will then pay dividends or continually working while you're asleep while you're away so that it
keeps growing for you essentially what it is is you put in effort building systems and teams of
people that make you and having your money start to work for you so that you can work less and less
and eventually you'll have this almost a steam engine that's building up and now it's producing
a consistent flow of money and revenue and cash flow for you so one of the first ways we did that
was with rental property it was by means no way passive we were actually working our butts off but
the idea was long term it would have turned into a passive vehicle because what we were doing is
putting in systems for screening tenants we were putting in systems to make sure the properties
were durable finding good contractors that were reliable uh putting together a great maintenance
team and all that well and eventually actually leading into the second passive income which was
building a business or a property management company because we couldn't find one locally we
actually built one and now that also has a revenue source coming in because that that team that we
built those systems we built but now allow that to run when we're not there so when kevin and i are
out working on other projects that team and that business is continually running creating revenue
for us passively because we're not actively there but we've spent years building it and now it's
also helping run the rental properties and making sure they also run smoothly creating passive
income where it's also consistently growing while we're paying down our mortgages we're increasing
the rental revenue as we do rental increases and any other little add-ons that we can do that may
be adding laundry and a lot of stuff to improve the cash flow from those rental properties and
now that we've built income from that we've built income for the business side where also
now we have excess cash so now we're taking that instead of just spending that money we're putting
that money to work on things like turnkey rentals where we basically take someone else's system and
have our money go to work for us so now instead of putting our time into it we're using leveraging
someone else's time and leveraging the money that we've built up from the other two systems to keep
that engine growing and now the last thing that we're working on which is right here is youtube
which can be a fantastic passive income through ad revenue as well as affiliate marketing and now we
haven't got there yet so this is something that we're putting obviously a lot of time into like
taking the time to record these videos and all of our tick tocks and all that but all that kind of
content that we keep building out for you guys in hopes that eventually it will start creating
a passive income that it will grow and grow over time and it's something that you can put effort
in i can record this video now i put it up onto youtube and it stays there and eventually as it
keeps growing as more of you guys keep watching it liking it leaving great comments making sure
you're subscribing hitting that notification icon it keeps telling the youtube algorithm yep this is
great content yep you got to keep pushing us out and as over time it will grow into this passive
income because we've built it once and now we've put the work in and eventually it'll start paying
dividends over the long term hopefully soon we'll see that's kind of work that we're doing and these
are all the different types of passive income that we're working on but there are so many
others out there so i'm sure if you hit youtube you could be able to find tons of other things
but if you want to learn more about real estate check out these videos here that we're putting out
for you because these are going to help educate you and help you get passive income into real
estate which is what we hold near and dear to our hearts as well as the business around real
estate so thank you so much and don't forget to hit that like and subscribe awesome thanks guys