Living Off Rentals Blog

The Difference Between Active Flipping and Passive Financial Independence

Jan 15, 2020

In 2011 I traded in my combat boots for construction boots and started building a house flipping company.

Over the next several years, my partners and I grew the company to a point where we were doing over 20 projects at a time with over a dozen full-time employees and multiple contractor crews.

I eventually realized there was a problem.

 

As much as we grew the business, the model was fundamentally flawed.

 

We could never do enough deals to really get ahead and were running ourselves into the ground because the success of the business was built around constantly having to find more and better deals.

 

It finally occurred to me that we were chasing the wrong goal. Growth is not the goal, financial freedom is the goal and this realization changed my life.

 

Based on this realization, I started a new company called Green Vet Homes that is focused on building a portfolio of cash flowing rental properties that continuously pay on a monthly basis, with very little overhead, while serving a purpose I am excited about.

 

Adding continuously more cash flow with every purchase eventually leads to the ability to pay all of your household bills through income generated from the rentals.

 

This is true financial independence.

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