S2E30 - Vikram Raya - How to generate $500 per month on real estate

Payback Time Podcast Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor. Vikram Raya My next guest is a cardiologist who decided to create passive income through real estate investing. Eventually, his side hustle started generating enough cash flow that he was able to retire from his medical career. Now today he own a real estate investment firm that allows you to generate passive income. In this episode, he breaks down how to generate $500 or more of passive income per month. Please welcome Vikram Raya. key timecodes (01:01) -  Background history (07:29) - Thoughts on the current market (09:44) - Real estate investment strategy (13:00) - Income from the  business (15:18) - Number of units he holds (17:35) - Preferred locations to invest in real estate (18:57) - Using data analytics to find the hot areas in the US (23:54) - His classification in A, B, C, and D types of real estate investments (25:36) - The importance of education to be successful in this market (27:08) - His biggest mistake (28:21) - His biggest investing success (29:34) - The advantages of real estate investment (37:53) - Get in touch with  Vikram Raya