Comments on: 6 Ways To Generate Passive Income That (Sometimes) Work – Part 4 Real Estate http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/ How to Quit Your Job and Start Your Own Business Tue, 16 Mar 2010 19:02:19 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Antonio Rillera http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/comment-page-1/#comment-3370 Antonio Rillera Wed, 16 Sep 2009 11:59:12 +0000 http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/#comment-3370 Great post and absolutely true, real estate is #1 in my mind. My friend is only 21 and controls 8 million in real estate generating passive income of $10,000+ a month. Im right behind him because of working with a mentor, I suggest everyone gets one and gets educated properly. Great post and absolutely true, real estate is #1 in my mind. My friend is only 21 and controls 8 million in real estate generating passive income of $10,000+ a month. Im right behind him because of working with a mentor, I suggest everyone gets one and gets educated properly.

]]> By: Brian Armstrong http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/comment-page-1/#comment-470 Brian Armstrong Mon, 06 Apr 2009 18:17:59 +0000 http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/#comment-470 Hi John, yes I think buy and hold (rent) is better because it generates passive income, while flipping means you have to go back out and keep doing it again and again. For finding renters it was pretty easy, just posted it in "the Green sheet" (a local paper) and Craigslist. For that price point (starter home 3/2/2 less than 2000 sq. ft. there are tons of renters). All of them rented in a week or so. I also priced it $100 below market. By hiring people you could make it more passive, but I prefer to avoid this if possible because managing/hiring/firing people who work for you is a full time job. Better to outsource it (such as property management company) or build a business which requires zero employees if possible. Hope this helps! Hi John, yes I think buy and hold (rent) is better because it generates passive income, while flipping means you have to go back out and keep doing it again and again.

For finding renters it was pretty easy, just posted it in “the Green sheet” (a local paper) and Craigslist. For that price point (starter home 3/2/2 less than 2000 sq. ft. there are tons of renters). All of them rented in a week or so. I also priced it $100 below market.

By hiring people you could make it more passive, but I prefer to avoid this if possible because managing/hiring/firing people who work for you is a full time job. Better to outsource it (such as property management company) or build a business which requires zero employees if possible. Hope this helps!

]]> By: john http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/comment-page-1/#comment-471 john Mon, 30 Mar 2009 05:17:02 +0000 http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/#comment-471 I'd like to get into something like real estate as you've mentioned. After a sale takes place, is renting the best option ? & if so, do you have any advice on finding good renters? Presently, I have a business that I also would like for it to run itself with minimal time from me & I'm trying to find ways to get that done. Doing the work myself pays pretty well, but I figured if I had some people doing the work for, it would free up my time & still generate an income ( although less of one ). Is that waht we'ed call a semi passive income ? Lastly, what do you think of vending machines? Thank you I’d like to get into something like real estate as you’ve mentioned. After a sale takes place, is renting the best option ? & if so, do you have any advice on finding good renters?

Presently, I have a business that I also would like for it to run itself with minimal time from me & I’m trying to find ways to get that done. Doing the work myself pays pretty well, but I figured if I had some people doing the work for, it would free up my time & still generate an income ( although less of one ).

Is that waht we’ed call a semi passive income ?

Lastly, what do you think of vending machines?

Thank you

]]> By: Brian Armstrong http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/comment-page-1/#comment-469 Brian Armstrong Sat, 11 Oct 2008 18:38:55 +0000 http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/#comment-469 Congrats on your first deal! The first one is the hardest I think. Congrats on your first deal! The first one is the hardest I think.

]]> By: HIB http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/comment-page-1/#comment-468 HIB Wed, 08 Oct 2008 20:11:18 +0000 http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/#comment-468 I'm a big fan of investing in real estate. I do know people who are where I want to be and they've gotten there through real estate investing. Personally, my wife and I have been struggling to get going. We hope to be closing our first deal at the end of the month (a subject to deal). There would be very little money out of our pocket in comparison to a down payment on a REO (bank owned property). I recently had a friend approach me about options trading and seems to be doing well. Hopefully I'll be posting about that in the future. All the best! -HIB http://happinessisbetter.com I’m a big fan of investing in real estate. I do know people who are where I want to be and they’ve gotten there through real estate investing.

Personally, my wife and I have been struggling to get going. We hope to be closing our first deal at the end of the month (a subject to deal). There would be very little money out of our pocket in comparison to a down payment on a REO (bank owned property).

I recently had a friend approach me about options trading and seems to be doing well. Hopefully I’ll be posting about that in the future.

All the best!
-HIB
http://happinessisbetter.com

]]> By: Minding My Own Business - Just another WordPress weblog » My Real Estate Investment Efforts http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/comment-page-1/#comment-467 Minding My Own Business - Just another WordPress weblog » My Real Estate Investment Efforts Tue, 08 Jul 2008 04:22:07 +0000 http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/#comment-467 [...] purchase my first investment property.  I view real estate investment (REI) as one way to help me break free from my traditional methods of saving (401K, IRA’s etc.) and establish a retirement worth [...] [...] purchase my first investment property.  I view real estate investment (REI) as one way to help me break free from my traditional methods of saving (401K, IRA’s etc.) and establish a retirement worth [...]

]]> By: My Real Estate Investment Efforts « Minding My Own Business http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/comment-page-1/#comment-466 My Real Estate Investment Efforts « Minding My Own Business Mon, 07 Jul 2008 17:37:26 +0000 http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/#comment-466 [...] purchase my first investment property.  I view real estate investment (REI) as one way to help me break free from my traditional methods of saving (401K, IRA’s etc.) and establish a retirement worth [...] [...] purchase my first investment property.  I view real estate investment (REI) as one way to help me break free from my traditional methods of saving (401K, IRA’s etc.) and establish a retirement worth [...]

]]> By: NELLY http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/comment-page-1/#comment-465 NELLY Wed, 13 Feb 2008 08:54:13 +0000 http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/#comment-465 I have been looking for an honest mentor for along time but i guess i got one.Thanks Brian,and hope to learn more! I have been looking for an honest mentor for along time but i guess i got one.Thanks Brian,and hope to learn more!

]]> By: Sennait B http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/comment-page-1/#comment-464 Sennait B Sun, 03 Feb 2008 04:34:20 +0000 http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/#comment-464 Thanks for the well written series. It is refreshing to read someone write honestly about passive income. My husband and I own 3 rentals that I manage. I don't consider them passive forms of income though since I have to oversee the houses. I am going to be looking for other semi-passive forms of income. Perhaps starting business that I can hand off to someone in the future leaving me to just check in, collect and pay bills. It's my first time visiting your site, I lookk forward to reading more. Blessings, Sennait Thanks for the well written series. It is refreshing to read someone write honestly about passive income. My husband and I own 3 rentals that I manage. I don’t consider them passive forms of income though since I have to oversee the houses. I am going to be looking for other semi-passive forms of income. Perhaps starting business that I can hand off to someone in the future leaving me to just check in, collect and pay bills. It’s my first time visiting your site, I lookk forward to reading more.

Blessings,

Sennait

]]> By: My Personal Blog » 6 Ways To Generate Passive Income That (Sometimes) Work - Part 4 Real Estate http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/comment-page-1/#comment-463 My Personal Blog » 6 Ways To Generate Passive Income That (Sometimes) Work - Part 4 Real Estate Wed, 14 Nov 2007 05:24:05 +0000 http://www.startbreakingfree.com/209/6-ways-to-generate-passive-income-that-sometimes-work-part-4-real-estate/#comment-463 [...] Check it out! While looking through the blogosphere we stumbled on an interesting post today.Here’s a quick excerpt [IMG Real Estate Passive Income]This is the final part of my series on 6 Ways To Generate Passive Income. Today we will discuss the final (and I think best) way to generate passive income. As I stated in the first article: The way I evaluate any claim behind a method of building wealth or generating passive income is this: how many people can I find who have used this method to accomplish what I’m trying to do? One of the best things I ever learned about success is to simply find successful [...] [...] Check it out! While looking through the blogosphere we stumbled on an interesting post today.Here’s a quick excerpt [IMG Real Estate Passive Income]This is the final part of my series on 6 Ways To Generate Passive Income. Today we will discuss the final (and I think best) way to generate passive income. As I stated in the first article: The way I evaluate any claim behind a method of building wealth or generating passive income is this: how many people can I find who have used this method to accomplish what I’m trying to do? One of the best things I ever learned about success is to simply find successful [...]

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