In addition to the obvious benefit of more income, passive real estate investing also allows investors to get involved with real estate. And since no one can work seven full-time jobs, they rely instead on passive income. In fact, the average millionaire has about seven streams of income. Most of us aren’t going to land jobs with multi-million dollar salaries. What are the benefits of passive real estate investing?įor most people, passive income is the key to growing real wealth.
If you simply put in money and someone else does most of the work, it’s a passive real estate investment e.g.
If you’re actively involved in property management and maintenance, it’s an active real estate investment. When you think of real estate investing, you might picture buying and maintaining a rental property for tenants to live in. If the investment does well, you get a return. Like investing in the stock market, a passive real estate investment involves putting in money but then largely remaining uninvolved. You can make money without having to put in a significant amount of time. Passive income refers to any income stream that’s somewhat automated. That being said, real estate doesn’t have to be as hands-on as you’d think - there are plenty of opportunities to create real estate passive income. 35% of Americans cited real estate as their top investment choice, while only 21% said stocks and mutual funds. A Gallup survey found that since 2013, real estate has been the favored investment for American investors. Have you ever considered active or passive real estate investing? It turns out, a surprising number of people have.
0 kommentar(er)
