458: Ditching "Active Investing" for More Passive Income Streams with Tamar Hermes 01:08:10

    <p>Every real estate investor knows that things don’t always go as well as we’d like. What happens when you’re hit with a <strong>$16,000 bill to fix a sewer</strong>, or when <strong>20 of your tenants call you all at once</strong> with problems? Some things, like those examples, make active real estate investors envy passive investors. This is why <strong>Tamar Hermes </strong>decided to go on a more passive route for real estate investing. </p><p>Tamar started at age 28, working as an executive in the television industry. She realized that she was <strong>trading her time for money</strong>, and without her job, she wouldn’t be able to pay her bills. So, she put <strong>10% down on a duplex and started </strong><a href="https://www.biggerpockets.com/blog/house-hackingcase-study"><strong>house hacking</strong></a>. Over time she bought more and more duplexes, some even out of her 401(k). She was an aspiring landlord, but after being hit with the situations above, she decided to <strong>sell all her units in Los Angeles </strong>and <strong>put her money into more passive income streams</strong>.</p><p>Now she’s<strong> invested in syndications</strong>, like Brandon’s <a href="https://odcfund.com/">Open Door Capital</a> to be exact. This gives her far more freedom to pursue her passions in life, without having to worry about those 2 A.M. toilet calls. Tamar refers to herself as a very <strong>cautious investor</strong>, and that may be why she feels far more diversified with passive investing than active investing.</p><p>She also talks through “<strong>finding your tribe</strong>” and how <a href="http://gobundancewomen.com/?r_done=1">Gobundance</a> has helped her meet friends and partners within the real estate space. This doesn’t mean you need to go out and find a group, but having friends and allies within your certain niche can help<strong> move you miles ahead of the competition</strong>!</p><p>In This Episode We Cover:</p><ul>

Links from the Show

• BiggerPockets Forums
• Open Door Capital
• Travel Nurse Housing
• Grant Cardone
• GoBundance
• BiggerPockets Bookstore
• BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan
• Josh Dorkin

 Check the full show notes here: http://biggerpockets.com/show458

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