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" Genuine estate": Oxford English Dictionary online: Recovered September 18, 2011 James Chen (May 2, 2019). " What Is Realty?". investopedia. com. Retrieved May 13, 2019. " Title 16. Conservation; Chapter 1. National Parks, Armed Force Parks, Monuments, and Seashores; Minute Male National Historical Park". United States Legal. Kimberley Amadeo (March 28, 2019). " Real Estate, What It Is and How It Functions".

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In 2017, Rachel Richards bought her first duplex with her partner Andrew Fazzone. Over a couple of years, they obtained a six-building portfolio that generates about $10,000 a month.  This Piece Covers It Well , who retired at age 27, teaches others how they can do the very same by earning passive income. Visit business section of Expert for more stories.

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Richards paid her way through 3 years at Centre College in Kentucky offering cutlery and finished summa cum laude with a degree in financial economics. She held down five-figure jobs in sales, consulting, and financing while her partner, Andrew Fazzone, made a modest salary through roles in the IT and cybersecurity industries.

They each contributed $10,000 they had saved for the $20,000 deposit. Financial liberty didn't come easy for the couple. They spent the next few years conserving as much as they could in order to funnel those funds into future investment residential or commercial properties." I'm not a trust fund infant," Richards told Expert.

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Richards, who left her 9-to-5 job as a senior financial expert, has composed 2 best-selling books; most recently, she self-published "Passive Income, Aggressive Retirement: The Secret to Liberty, Flexibility, and Financial Self-reliance." Her other main passive earnings streams increase 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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Immediately, she said on the podcast, it offered capital of $500 a month in rent from renters. Now it brings in around $800 to $900 a month. The duplex, Richards added, was the couple's preliminary financial investment together, however they were currently collecting lease from Fazzone's first home in Louisville.