Using real estate to generate passive income

[Augusta]

Do you know that having a real estate like a property is a good way of generating passive income? Infact, with this kind of investment you would be sleeping while your money will be working for you. How can you achieve this?

Buy and sell on the go: This method is simple you buy a land without developing it; you just resell it after a while. Though this might not yield much but you will still make money from it.

Buy and develop to sell later: This is another way of making money through real estate, you can buy a property and develop it to an extent to sell. You would make good money here as more would have been paid for. This is because would want to pay know for a developed property.

Building and making money off it: This method is mostly practiced by a lot of people. The buy a property and develop it more to start making money off it either monthly or yearly. This seems to be the best as one will continue to make money as the property still belong to you the developer

Which of this is your favorite?

 

[kayode10]

Real estate investment brings about passive income. You only buy the property was in fixing it where necessary. the next thing is to rent it out in order to make residual income with the property. Another beauty of the real estate is that you can borrow money to buy a property in payback with the rain to generate on the property.

 

[sincerem]

The options you quoted above are all income generating means for the real estate owner. You simply buy and hold, or simply buy piece of land and develop later, even you must have gotten enough funds to carry out the project you have in mind while buying the property. You can simply build house on it, and use it for commercial purposes, like renting, leasing, or flipping it off after completion. It simply depends on real estate owner's choice, what he or she wants to develop and the means of driving profit from the real estate investment in the future.

 

[General01]

The upportunities for making income passively is very vast when we talk about real estate investment.
In addition to those beautiful things you've highlighted, one can earn money passively by renting the apartment or land to tenants or farmers respectively. It is another superb way to earn money Passively because you don't need to stress yourself about several things especially if you have a good tenant

 

[Alexandoy]

The best passive income from real estate in my case is the rental of an apartment or even a room. If you can afford to buy or build an apartment it is the best because your investment will be increasing in value over time while you are earning the monthly rent from it. But not to forget that there are also expenses like the annual realty tax that you need to pay and the repairs and maintenance that you have to spend for from time to time.

If you cannot afford an apartment but you have a big house with spare room then you can also rent the room. Even if the monthly rent is pretty small but that is passive income which can augment your daily expenses. I am planning to convert one bedroom (it is actually a guest room that became a stock room) into a boarding room that I can rent to a single person preferably a female. It would have its own toilet and bath facilities but cooking will not be allowed. However, if the boarder will avail of our food then that would be an additional income for me.

 

[Setho]

One of the most effective ways of using the real estate industry to generate passive income is by developing rental properties. For example if you are going to use $3000 to develop a conference hall, you will most likely put it at $100 in a week for somebody to rent it out. This is definitely a passive income idea because you are not going to be spending any more money on it again except when you want to do routine maintenance. The real estate industry is definitely a very good industry if you know how to invest in it wisely .