{"id":7121,"date":"2021-04-08T00:00:00","date_gmt":"2021-04-08T07:00:00","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=137250"},"modified":"2021-04-08T00:00:00","modified_gmt":"2021-04-08T07:00:00","slug":"biggerpockets-podcast-458-ditching-active-investing-for-more-passive-income-streams-with-tamar-hermes","status":"publish","type":"post","link":"https:\/\/www.jerrybice.com\/wordpress\/biggerpockets-podcast-458-ditching-active-investing-for-more-passive-income-streams-with-tamar-hermes\/","title":{"rendered":"BiggerPockets Podcast 458: Ditching &#8220;Active Investing&#8221; for More Passive Income Streams with Tamar Hermes"},"content":{"rendered":"<p>Every real estate investor knows that things don\u00e2\u20ac\u2122t always go as well as we\u00e2\u20ac\u2122d like. What happens when you\u00e2\u20ac\u2122re hit with a $16,000 bill to fix a sewer, or when 20 of your tenants call you all at once with problems? Some things, like those examples, make active real estate investors envy passive investors. This is why Tamar Hermes decided to go on a more passive route for real estate investing.<\/p>\n<p>Tamar started at age 28, working as an executive in the television industry. She realized that she was trading her time for money, and without her job, she wouldn\u00e2\u20ac\u2122t be able to pay her bills. So, she put 10% down on a duplex and started house hacking. 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 sell all her units in Los Angeles and put her money into more passive income streams.<\/p>\n<p>Now she\u00e2\u20ac\u2122s invested in syndications, like Brandon\u00e2\u20ac\u2122s Open Door Capital 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 cautious investor, and that may be why she feels far more diversified with passive investing than active investing.<\/p>\n<p>She also talks through \u00e2\u20ac\u0153finding your tribe\u00e2\u20ac\u009d and how Gobundance has helped her meet friends and partners within the real estate space. This doesn\u00e2\u20ac\u2122t mean you need to go out and find a group, but having friends and allies within your certain niche can help move you miles ahead of the competition!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every real estate investor knows that things don\u00e2\u20ac\u2122t always go as well as we\u00e2\u20ac\u2122d like. What happens when you\u00e2\u20ac\u2122re hit with a $16,000 bill to fix a sewer, or when 20 of your tenants call you all at once with problems? Some things, like those examples, make ac&#8230;<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[2301],"tags":[],"_links":{"self":[{"href":"https:\/\/www.jerrybice.com\/wordpress\/wp-json\/wp\/v2\/posts\/7121"}],"collection":[{"href":"https:\/\/www.jerrybice.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jerrybice.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jerrybice.com\/wordpress\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jerrybice.com\/wordpress\/wp-json\/wp\/v2\/comments?post=7121"}],"version-history":[{"count":2,"href":"https:\/\/www.jerrybice.com\/wordpress\/wp-json\/wp\/v2\/posts\/7121\/revisions"}],"predecessor-version":[{"id":7122,"href":"https:\/\/www.jerrybice.com\/wordpress\/wp-json\/wp\/v2\/posts\/7121\/revisions\/7122"}],"wp:attachment":[{"href":"https:\/\/www.jerrybice.com\/wordpress\/wp-json\/wp\/v2\/media?parent=7121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jerrybice.com\/wordpress\/wp-json\/wp\/v2\/categories?post=7121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jerrybice.com\/wordpress\/wp-json\/wp\/v2\/tags?post=7121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}