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Episode 93: How Active Couples Can Create Passive Income

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In the conversation with today’s two guests, Amanda Schneider & Lindsey Meringer, you’ll learn the following:

  • [00:32 – 04:47] Amanda Schneider & Lindsey Meringer’s profiles, in Billy’s guest introduction.
  • [04:47 – 09:30] The backstory and decisions made that led them to this point in their journey.
  • [09:30 – 11:33] The impact of having come from a hard working background still has on their current roles as Real Estate Investors.
  • [11:33 – 15:22] How Amanda and Lindsey first started their shared passion for Investing.
  • [15:22 – 18:42] The lowdown on the V.A. (Veteran Affairs) Home Loan, and how it can benefit all veterans and kickstart your real estate journey.
  • [18:42 – 20:42] Explanation of the BRRRR Method (“buy, rehab, rent, refinance, repeat”) and how it has worked for Lindsey and Amanda.
  • [20:42 – 25:07] The new market location that Amanda & Lindsey have started to invest in, how that is all playing out for them and the reasons they went for a location that is beyond their backyard.
  • [25:07 – 30:33] The dynamics of working together as investment partners, and the dynamics between them both and their wider investment team and clients.
  • [30:33 – 34:50] Lindsey & Amanda explain the short term rental space that they have moved into, and what is driving the success and profitability of short term renting in Colorado Springs and surrounding Colorado area.
  • [34:50 – 40:39] Their personal experience of the more passive or ‘hands-off’ way of investing long distance.
  • [40:39 – 42:17] What’s coming up in the next few years for Amanda & Lindsey’s investment plans.

Here’s what Amanda & Lindsey shared with us during today’s conversation:

  • Where in the world Amanda & Lindsey are based currently: Colorado Springs, Colorado.
  • Favourite European city: — Lindsey: Rome, Italy. — Amanda: Berlin, Germany.
  • The best thing to happen in the past 24hours: — Lindsey: Switching the rental assets from long term to short term and straight away getting them booked out solid for the next 2 months! — Amanda: Getting to have the first workout at the gym for the past few weeks after recovering from Covid and finishing quarantine!
  • Mistakes Amanda & Lindsey would like you to learn from so you don’t have to pay full price for it: — Lindsey: Believe in yourself and don’t take everything people say to heart, as it can hold you back from achieving your goals! — Amanda: Be cautious of working with friends as things can start to slip. If things don’t work out it’s better to keep friendship and business separate!
  • Book Recommendations: — Amanda: ‘Hug Your Customers’, by Jack Mitchell. — Lindsey: ‘The One Thing’, by Gary W. Keller – and ‘One Decision Away’, a motivational speech by Tom Bilyeu

Be sure to reach out and connect with Amanda Schneider & Lindsey Meringer by using the info below:

Start taking action TODAY so that you can gain more Education and Control over your financial life.

To see the Video Version of today’s conversation just CLICK HERE.

Do you want to have more control and avoid the mistakes that I made getting started in long distance investing?  Then you can DOWNLOAD the 7 Mistakes to Avoid in Long Distance Investing Guide by clicking HERE.

Be sure to connect with Billy!  He’s made it easy for you to do…Just go to any of these sites:

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