Does anyone here rely at all on Passive Income? What would you consider to be some of the more lucrative sources?

Im doing a cbd oil mlm. Making a few hundred weekly off other peoples work is almost as good as my rental properties and its growing

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darkpay coin has a good passive income for MN and staking. currently bout $80 A day

Interesting stuff, lads. Should have figured that property was going to be a big earner for a lot of people.

How much for a node usd?

come to xaviers chatroom, stock, crypto, forex, alt finance
discord.me/xavier

You wanna have basic income so high you can buy lambos? Buy safex, you plebs.

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Don't have any yet, but planning on buying and renting apartments, honestly sounds like a fun thing to do. Need capital first though. Might get some parking spots or storage space to rent out too. Still got a long way to go.

>Does anyone here rely at all on Passive Income?
I'm sure there are plenty of """people""" here who rely solely on their allowance

I can't invest in rental property in my area. Houses go for way too much and rent is still low relative to cost. There are $400k houses renting for $1500/mo. Shit sucks here. I need more taxable income.

So what? Buy where it makes sense. Only one of my rentals is actually in the state I live in.

You pay a company to manage them?

I donate Plasma at at CSL center, easy money, but you only make like $70 a week.

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Yeah about 400 or so after bonuses

Are you talking to me?

BASED

dividend stocks?

Does anyone have any ideas about making extra money that doesn't involve property? Not all of us are rich and can afford to do that.

Yep. Some people say it's not worth it, but there's only so many you can manage yourself. Working a full-time job, I was really only able to do a few doors on the side, so it doesn't scale.

Also, if you do manage them yourself, you'll never be able to buy outside of about an hour's drive.

How did you learn about real estate or about picking the property? Any hints for smart picks (ex. houses vs apartments, etc.) What risks are associated with it that you’ve come across? How many hours a week do you spend thinking or working on this? Thank you for your responses

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heh

>How did you learn about real estate or about picking the property?
I'd go to biggerpockets.com, they're a great resource for RE investing

>Any hints for smart picks (ex. houses vs apartments, etc.)
The big hint is stick to your numbers. Don't try to lie to yourself about the deal being better than it is or gamble on price appreciation saving your ass. Know what you want and how much you're willing to pay.

>What risks are associated with it that you’ve come across?
The real risks are not getting a decent management company. A good company can make a bad buy decent but a bad company can make a good deal a huge headache. Second on the list is just maintenance of the place. Get used to regularly paying for some small repairs here and there and don't begrudge the activity. It's good for you and good for the tenant.

>How many hours a week do you spend thinking or working on this?
At this point, very little. I just check the report for the month for all the properties and if everything looks decent, it's fine. But if you want even less work, look into syndicated apartment deals for decent passive income. I just started doing this a few months ago and I'm pretty pleased. But again, talk to people about the person running the show and make sure he's solid.

Own enough rental properties that you can hire a management company to do all the work for you and still bring in enough income to live. If you can clear 100k a year from rental income you’re set.

Thank you user. One more question, any advice for how to purchase a property? Do you put lots of money down or generally get a standard mortgage with minimum down? Any times the mortgage gets paid off by the revenue from renting or is that rare and shouldn’t be expected? Any hints from experience in this aspect would be appreciated

if I told you, id have to kill you

My opinion: whether or not to use mortgages always comes down to timeline.

Here's the general rule I've heard: never retire with mortgaged rentals, the income will be too unsteady to live off of. So, if you do buy rental on leverage (which I encourage, since it's the cheapest money you'll ever get), make sure you have a plan to pay them off before retirement.

So, decide how many rentals you want, then figure out their cashflow, then use that to determine how long it'll take you to eliminate the debt. Does that timeframe work for you? If not, then change something in the setup: reduce your number of rentals, increase your savings rate so you can pay them off quicker, or something.

It all has to be part of a bigger picture. Makes sense?

Yeah got it, thanks. I’m pretty young but would like to do this and your advice will get me started, I appreciate it

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>providing a service/product
>passive income

The absolute state

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Please elaborate user. are you in europe? if from the US/Canada can you ship to europe?

youtu.be/wJJsforw8k8
17 days faggot

kys