4. Family Investing & Changing Your Money Mindset with Camilla Jeffs

Welcome to the Passive Income Brothers Podcast!

Hosted by brothers Tim Lyons and Greg Lyons
We take the fear out of real estate investing using real-life stories from everyday successful investors!

This is not a “ how to get rich fast” podcast!

In this episode, we talk with Camilla Jeffs from Steady Stream Investments about real estate investing and the role of passive investing in your business.
She tells us about mistakes that she has made and everything she has learned on her journey.

We hope you enjoy this episode of the Passive Income Brothers Podcast.

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Listen to The Podcast Here

Key Points From the Episode:

  • Camilla Jeffs from Steady Stream Investments
  • She started real estate investing when she was 22. She invested in single-family homes and small multis for about 15 years.
  • Camilla and her family move every 2 years so it was semi-scale able for her family but it is not a comfortable way to invest because you are living in a construction zone all the time
  • She used the tax strategy of income shifting, where she paid her children for their labor in fixing the house.
  • She looked into multi-family real estate investment and the passive side of things, realizing that she doesn’t have to do much of anything but invest her money into a deal and let the passive income come in.
  • Any big apartment buildings and big multi-family real estates are all bought by investors’ money.
  • Why quitting her job was the right move.
  • There is risk in any investments you take on but having a W-2 is risky.
  • She made a mistake that cost her millions of dollars and that mistake was listening to “All debt is dumb” and buy all properties with cash and not owe anyone anything so she sold most of her properties which caused her to lose out on millions of dollars. She would have benefited from the appreciation of those properties if she didn’t sell them.
  • Passive Investor, if you are debt adverse… you can invest in real estate and none of these debts will be in your name, you are not liable for the debt… it’s the same as investing in the stock market, you let the professionals run it.
  • NINJA Loans… No Income No Job or Assets
  • You are never too old to get started… take little steps to let it get rolling
  • Best way to reach out to Camilla Jeffs is camillajeffs.com

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