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EP038: Why Passive Income Is Never Passive

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Daniil Kleyman has been a full-time real estate investor and developer in Richmond, VA since 2009. Daniil currently has 70 units to his name, but at the end of the day, it’s really not about the quantity of units you have. When you invest, you want to always invest in quality because you also end up attracting quality tenants.


Key Takeaways:

  • What does Daniil’s business look like today?
  • Daniil has never really been much of a flipper, but right now the market has been presenting some excellent opportunities.
  • Passive income is never 100% passive.
  • What market is Daniil currently in and why did he pivot?
  • Daniil can walk to all of his development projects in 30 min or less.
  • The market won’t keep going up forever.
  • Real estate will go through cycles.
  • Daniil has about 70 units right now.
  • It shouldn’t be about the number of units you have. It should always be about the quality of units.
  • What advice would Daniil give to his past self knowing what he knows now?
  • At the end of the day, business comes with risk.
  • You can greatly mitigate your risk by knowing your numbers.
  • How does Daniil evaluate the deals he receives?
  • What does cash-on-cash return mean?
  • Who manages Daniil’s rental portfolio?
  • At what point should investors hire someone in-house?
  • What kind of tools does Daniil recommend to others?
  • What’s one piece of advice Daniil always shares with others?


Mentioned in This Episode:

Access This Real Estate Pricing and Marketing Software! Wholesalers, Rehabbers, and Agents: Know the RIGHT Offer, Sell Your Deals Quickly, Get $$ For Your Projects, and Much More!

Episode 34: Lee Kearney Tells You Everything You Need To Know About Market Cycles



Passive income is never really passive.

When you build a quality product, it attracts a quality tenant.

If there’s one lesson we’ve learned in 2008, the market won’t keep going up indefinitely.


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