How do i turn this into passive income?

Stupid assistant boa has on their app

youtube.com/watch?v=e5tEoIrXK6o

how passive and how much of a return/risk do you want

Invest your money goddamn

How would you allocate my money?I want like 10% doing nothing. Maybe stocks
Thats why im asking here

put it in crypto, stocks, etf's, bonds, or goddamn dude you savings account at least. no reason to have more than 10k in a checking account that isnt also a brokerage account.

if you want a low risk medium growth account split that shit between a few high yield divvy stocks, check out MO, T, SUN

>10% do nothing
Etoro. Copy trading. You are welcome.

Download Robinhood app
Put it all in VOO

All in physical silver and hold for a year, you’ll 10x your money at least guaranteed

Doesn't DAI have staking now? Anyone know the rates on it? (Or which platform allows for staking?)

Put 20% down on 4-5 rental properties and get a property manager

Im not smart thats why i need help. U seem rich any advice?
Should i all in bitcoin?
Whats voo?
I keep hearing horror stories about rentals

Some index fund like VTSAX or something. I’d look up how to invest/set it up if you’re nervous, or talk to a friend you have that is investing themselves.

The smartest advice you’ll get is to buy silver but you’re too much of a retard to understand why so go ahead and buy real estate and STAY POOR

i dont have any friends

Oh :( sorry user I’ll be your fren.
First: don’t listen to retards like Investing in silver is a huge gamble. You’re better off taking your money to a casino. To turn this shit into passive income you need index funds. Watch Graham Stephan

Stake 10% in NEO and thank me later

Lmao. You will lose all your money over the next year. Stock market crash is guaranteed. Can’t wait for all you brainlet pussies to capitulate into my buys

thanks
i remember antshares and selling it before it rebranded to neo. good times

>Also that money is what I spent last month on swiss watches.
post wrists and hands

Bump

Dividend growth investing

Assume shitty and lowly rent-seeking behavior if you want passive income, or grow some balls and speculate on the success of Bitcoin to earn real value without being a parasite.

People who have bad experiences with rentals are just loud bitter fags who did it wrong or want to justify being a pussy and not doing it. If you get a good PM they are fine and almost no work. Self managing willimprove your margins and you will give more of a shit about your own property than a PM ever could, but its not quite passive. Though close to it with a good tenant

This, SLV can't get any lower than it already is. When shit goes down SLV is going through the roof

>keeping that much in a bank
Retard

wow you must be so rich haha :) message me ^___^

Take out 7 bucks and buy rich dad poor dad. Read it. Take out a few hundred and buy more books.

Cash out and learn actual investing in business and real estate.

Git gud man

Suuuuuuuuure

Yes op. Invest in watered down stocks with 0 control where they do t have to disclose and "operating fees" before you get yours. And you cant force appreciation in watered down stocks.

Learn real investing. Real estate

This is actually great advice. Kiyosaki might be a bit of a turd in other dealings, but this book is absolute gold. It's simple, easy to read, and approachable. I've found reading this, along with E-Myth revisited, really opened my mind up to seeing all of the opportunity around you.

HOLY SHIT. Why are you here user? In a board with 4,000 shitcoin shills you come at op with logical answers... noice.

I moght add an FHA loan you only need 3.5% down. You have to live there but there are no rules against what you buy or how you live in it. Could be a big house you rent rooms out and live free or make a little. Could be a duolex with a tenant paying the mortgage.

And get a GOOD property management company or self manage. Dont just pay the cheapest shiester you find

LOLOLOLOL!

You stay poor faggot. The only thing you are doing is jedging against inflation.

Buy 100k house for 20k
Bought well ao there is a little equity.
Repair rando cosmetic shit and anything major like a hot water heater if needed.
Throw paint and carpet down
Get new fixtures and fans and awitch cover.
Reapraises for 150k
Pocket 50k less the repair cost.
Recoupe you 20% down also in the 50k

Wups, how did i get this free house i am renting and making money off of every month while the tennant pays for my mortgagen.

VS

Let me buy etfs or staxk silver in a closet...

You stay poor faggot. REAL real estate investing isnt house flipping shows or your uncles husbands shithole rental he slumloards and knows nothing about tenant screening in.

There are A LOT of bad investors. And that's the beauty of it. All these fucking flipper shows and real estate "gurus" have soccer moms taking on 6 figure debt thinking all they gotta do is mop a floor and rake in riches. So they buy the thing. Get half a remodel done. Lose their ass. And then you get a sweet deal to ACTUALLY invest in.

Study up kids. Real estate investing, real estate tax law, screening tenants, choosing contractors, etc...

Live it and youll love it if you can auffer babies first few investments.

Its the best thing ive ever done sticking with this

Real estate investment association (REIA) Find one in your area or find other real estate club meetups. Just show uo and hang out. Listen all you can. Maybe take a shitty job with one that seems cool so you can learn on the job

Index funds over silver.

Good lord user DO NOT fucking do this.

My fucking sides

Allin LINK.

You will be coming to this board crying when the worst global financial crisis in human history hits within the next year. Real estate and stocks will all crater

And yes it’s coming. All yield curves have inverted.

Lol, and a bad tennant can really fuck you. Fun story. I almost died due to retardation. Both mine and the stupid ass tennants. Just starting out and working on a rental when a friend of a friend moves to town. Says hes handy. He'll replace the kitchen floor instead of a down payment. Cool. Spongy as fuck. Had to jack it up and repair it from UNDER the house instead of me just doing it right. He also just threw the entire old floor in a pile in the back yard DIRECTLY under a low hanging power line. Its like 9 feet high with a 7 foot pile of wood i cant burn. Full of nails and shit.

The best part tho? This mutherfucker knicked a gas line with a saw and rather than tell me so i could spend 5 minutes fixing it he just shut it off and moved a few months later. So, i think everything is just fine and dandy, get another tennant coming in. Says hell be there in 2 days. Leave the key and tell him whatever. Luckily he moves a day early for some reason. Get a phone call "user i smell gas." Fuck! Give him directions to shut the gas off and open windows and shit for a bit. Spend 5 hours back and forth to the meter tryibg to find it because whole house just reeks like gas and the blue flame heater 5 feet away is on. Its snowing so cant shut it off. Finally fly an hour to lowes and an hour back with a gas sniffer and hunt down the fucking pipe hed almost cut in half.

If that guy hadn't decided to move in a day early that entire house would have been a firebomb. And the main reason we bought the place is because its like 8 feet from my house for some reason.

Dont even let your tenants cha ge a lightbulb because they will inevitably fuck it up.

Maybe not firevomb the place but still...

Low iq detected. The day to day price of real estate doesn't matter when you are renting it out. Look at rents in 2008... they didnt go down. If you get properties that have a good cash flow margin above debt service and can sustain a 10-20% dip in rents you will be fine.

Also when you buy a house with a mortgage you are literally shorting the us dollar so...

Cheers brotha

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Holy fuck lol I cant even do any of that stuff myself just get pros + contractors for everything. That's scary as fuck and why I'm wary of partnerships in general.

AHAHAHA!!! NO user! THIS IS WHY YOU WILL BE FOREVOR POOR!!! my fucking sides. I HOPE a crash happens. I hope the fucking bottom falls out like it's 2008 all over again so i can buy some sweeeet deals. It's rental income bruh. Idgaf. If anything the house turning tits up while slowing my growth a little would be the best asset protection on earth.

>ree let me sue you for a house you have a 150% morgage on!
Ahahaha. Im fucking crying right now

US dollar will get stronger next crisis

imagine being this much of a 50yo boomer

Alright explain

Dude just invest in your passive income, I’m sure everything will stay the same when people can’t afford to pay your shitty rent and real estate craters, the stock market crashes by over 75%, the fed has to RAISE rates to avoid inflation...

Yeah man gl. I’ll give you my email when it all hits so I can buy your wife as a sex slave with my silver gains

This. Besides. In my rural area 2008 didnt happen. Actually i was blessed because i lost my job building houses and couldnt find one. Said fuck it and bailed. Moved back home. Now im paid to shitpost and fuckoff a lot of the time at a 50 hour job where i also study to buy my freedom from wageslavery.

Crash and burn mudafuckas. If it waits 6 months I'll only owe 30k on my mortgage with no other bad debt. Together we make 70k. But it's a lot when houses go for under 30k all over here. Hell the last one i bought was 10k. Put like 3k and a lot of swet into it. $350 a month. Nelow market $100. Good buddy deal. Hes a clean freek and hates the smell of weed. I hope he kives there forever.

Man, how many doors you got?

Eh, im a shit handyman. I do all the plumbing but lathe and olaster shit here kills me. And i dont touch electric. Just study and learn the ways of how to do things. Atart small and build on that. Youll fuck up but youll learn a lot. It's so worth it. Just find a good handyman. You could probably paint at least unless you want 100% passive. You can do it man. I am a 2 time college dropout shopping for my 4th house.

obviously put $50k into DAI then into compound.finance for like 16% APR

(only risk is flash black swan causing people not to buy the colleteral at 13% discount)

Bullshit the dollar has been fucking itself off since 71 when nixon took us off the gold standard. I'm not even sure if its useful as kindling. Does money burn? Is it illegal? Just curious.

Yall need to be hustling for noney and assets and trading that monopoly money for even more assetts of real value before we start printing trillion dollar notes

>try 30

Imaging staking your life savings on FAKE "money"

Stay poor kiddo

Stupid faggot. People still need a roof over their heads...

that rewards cash tho

Hell if anything rents will go up since nobody can afford to buy a house

Feels good he could go all in and still not be able to buy my stack. Absolutely critical to get in early

why DAI?

Got 6 turnkeys now and in the process of doing my first rehab. Going pretty well so far. I'm in the baltimore area and there are good rental markets that are fairly safe in towns just outside the city. Good deals are hard to find around here there are a lot of people with the same idea

Its my credit card balance

>How do i turn this into passive income?

Buy Qtum (QTUM), bitcoin gold (BTG), EOS, OmiseGo (OMG), and status (SNT)

US users will no longer be able to hold Qtum (QTUM), bitcoin gold (BTG), EOS, OmiseGo (OMG), and status (SNT)

Abra App to Restrict Services for US Users Over Regulatory Issues

Crypto investment app Abra has been forced to make changes services to U.S. customers over “regulatory uncertainty and restrictions” in the country.

“Specifically, for Abra users in the United States is that we have to make some system modifications around our smart contract based synthetic assets. As a part of this effort we are migrating any synthetic assets to a native hosted wallet solution. On Abra, these are defined as anything other than Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).”

The “synthetic asset” is Abra’s way of providing users with exposure to the movements of cryptocurrency prices, without them having to hold the actual crypto.

From Aug. 29, US users will no longer be able to hold Qtum (QTUM), bitcoin gold (BTG), EOS, OmiseGo (OMG), and status (SNT) will have to exchange or withdraw any holdings of those assets from the app by 11:59 p.m. EST (03:50 UTC) on that date.

abra.com/blog/us-app-update-2019/

coindesk.com/abra-app-restricts-services-for-us-users-over-regulatory-issues

I've thought about it but I've got a comfy wagecuck gig at a defense contractor right now decided my time is better spent just doing that and hiring handymen + contractors

Noice! I just got the one. Own the house we just moved from but it was ready for the bulldozer before we moved into that fucking crackhouse. I fell at work and couldt use my leg for over a year. Living on my mother-in-law's couch the whole time. Finally got a job towing cars and looking for a place to rent. She came across this shithole for 20k rent to own nothing down. Agreed sight unseen and spent 2 months just cleaning the fucking place and painting. My only caveat on buying a house was a solid roof cause ill never get on one again. This one was 2 years old.

But, that should wipe out our bad debt besides a 30k or so mortgage left on our personal residence. Have the one solid rental and easily qualify for another soon. Good credit and debt to income will be baller.

kys

What market you in? You thought about starting a turnkey business? 30k houses above 1% rule with reliable tenants sounds dreamg you would have a lot of demand

By all means if you can go that route. If you can afford it then its so much nicer. But, being a poorfag i get to roll around under the house fighting copperheads for water line access. Lol, god bless my father-in-law. He was a game changer. 2am trying to quietly repair drywal cause tennant bro was sleeping and had work like me at 7am. I gave up. I was pissed. Cant kick him out. But done to the poibt i tried to get my wife to let me just sign it over to them so i could walk away. A few days later i realized my father-in-law is retired and bored off his ass. He fixed it and willy nilly just went to work on the other shit i needed to do. Refuses to let me pay him decent either. The best lart tho he can work during the day while everyone is at work and the hardware store is open.

I finnally learned i don't have to do everything and that realization gave me $350 a month for the foreseeable future. Kek

Southwest oklahoma near the texas line.

If i dont count the few grand cash fixing it up im getting 3.5%. I honestly think i can hit 4%. It's not a lot of money but i can swing the mortgage a few months if i need and the numbers are fucking nuts percentage wise.

Yeah if you got a house in good condition rented for 350 and got management in place you could easily sell that to a remote buyer for 25k. Probably more

Yap. It's stood 100 years so far and lacks paint and a few storm windows. Then it's done. Going to build them up and cash out for an apartment complex.

XSN Masternodes.

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The 1% rule is fucking stupid.

There are 3 sources of gains in a leveraged buyout, which is essentially what buying rental property w/ a mortgage is.

>1. Multiple Expansion
Lower cap rates/higher multiple, due to better tenant profile, property improvements, or even instant multiple expansion because you bought for 20-25% less than the property was worth
>2. Earnings Growth
Higher rents, higher occupancy, higher security deposits to prevent losses
>3. Debt Paydown
Generally happens over time, you do pre-payment to accelerate this and boost returns, but it's the option of last resort.

So, you're much better off buying a property the 1% rule would deem too expensive for 15-20% under market, and quickly reselling it once you improve the tenant profile, occupancy, etc..

You're also better off putting less cash into the deal to boost returns, the biggerpockets focus on being cash flow positive upon purchase is fucking retarded. All that matters is that you're getting a dollar for 80 cents, and how the property will look after it's running efficiently. Stabilized properties are horrible purchases, things can only get worse.

Yeah I agree with rehabbing being a better deal that's what I am doing now. But if you want to refi and hold it than 1% monthly rent to ARV is a good quick glance heuristic. Obviously you have to dig deeper than that as cap rate is what really matters.

I prefer refinancing and holding rentals to flipping right now the market could turn any day now especially for me as I'm in a coastal area. And actual sales will stop before high appraisals stop. So refinancing is a safer exit rn. The margins are too thin on most flip opportunities I see.

Cap rate only matters if you plan to hold for 10+ years, and even cap rate is a shitty measure.

If you want to a make a lot of money in real estate you need to focus on what you can control.

The truth is, you don't know where cap rates will be in 20, 10, or even 5 years later. It's a bad idea to buy a promising property only to find out that you will get fucked when properties crash.

It's all about margin of safety when it comes to investing. You buy a property for 20-30% less than it's worth because of shitty tenants or the place is run down, even after accounting for costs of repairs, etc..

You will make a fuckton of money. Just buy with a margin of safety, stabilize, sell, 1031, rinse and repeat.

With that amount of capital OP you wont be seeing any meaningful passive income gains. Maybe 7k a year after taxes?

Annnywaysss. You can earn passive income through real estate, dividends, interest, royalty fees etc.

Maybe you would like to wait on the side lines in hope of a market correction unless you want to see about 30% of that money disappear to Jews during the next bear market

Sounds like you are talking multifamily mostly? Right now I only deal with SFRs but maybe I'll scale up some day. I do agree that fixing and flipping multifamilies after a brief hold is a great way to make money I just dont have the means right now. Also it's not like distressed multifamilies that can be saved are growing on trees right now, at least not in my market.

I also think multifamily cap rates are too low right now and will start rising once interest rates start going up (if ever)

Multifamily, SFR are similar with minor differences. I would argue SFR is slightly less liquid because you have to try and sell a property as a tenant is moving out, but the same logic generally applies.

Yeah but with SFR you have two buyers demand streams, investors and occupants. With multifamily you only have occupants.

Sfr is better for me right now since I can just take on 1 or 2 units at a time and manage the rehab with a few texts or emails while I wagecuck at defensecorp for 6 figures.

I also have a theory that the wealthy are bidding up multifamily prices to unreasonable levels since there is nowhere else good to park money right now. But the single family level isnt worth their time so there are more good deals to be found (still not a lot)

Just so you know, you can fix up SFR and make a lot of fucking money. Generally you have to look for off market deals, or mispriced "just on the market" deals. Helps if you're an agent, so you can handle the transaction for the seller, (this is basically the foundation of Marcus & Millichaps' business model, except they work with commercial property owners).

I'd even say it's easier to find a bargain in SFR. Larger/less sophisticated market. The problem with SFR is that you have to either put in a tenant or sell. You have to move faster, so to speak. Every month of inaction is money down the drain. That's not the case with multifamily, because almost every buyer wants it to be occupied.

Yeah that's the kind of deal I'm working on right now. Picked something up for 80k that appraised at 95k as is. Putting in 15k of work redoing the kitchen and adding a bathroom. Already have it rented for $1400 two year lease. Should appraise at 125k when I'm ready to refi. Acquired it with hard money so closing costs were a bitch but all in all after the refi I should have something cashflowing $700 a month with a 10k net investment.

I could probably sell it at 125k pretty easily but I wanna hold it indefinitely. I'd at least wait a year so I could 1031 the proceeds instead of paying short term capital gains

>leveraged long on the bubble
the most irrational answer disguised as a sane answer

Retard

Seems fine, just remember you want your assets to be 2X your liabilities, excluding the amount you can finance with your dayjob. So if you make 120K/year, you can easily service 4K/mo or a 600K mortgage, if you're frugal.

So if you have 4M of properties, you really don't want to owe much more than 2M on them. Although since you can service 600K yourself, you could go up to 2.6M in liabilities on 4M of properties and still have a

Imagine staking with 100 MNs
25k$ worth of XSN at almost ATL and before DEX

wait until crash and invest in S&P 500

By giving it to me to invest wisely for you

Have any books or material you could recommend

>~150k USD
>cricket wireless

Why

Why not the total stock market?

>using Bank of America

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i dont know... feels like s&p has a more stable growth after a crash

Lol