My house. Can't beat real estate when you're strategically located.
Asset Valuation is not income generated unless you liquidate or rent it out.
True. It's actually my saving account.
Ask HN: What are your best sources of passive income?
11–13 of 13 posts
Re: Ask HN: What are your best sources of passive income?
#12Earlier quoted context omitted.
Asset Valuation is not income generated unless you liquidate or rent it out.
True. It's actually my saving account.
what kind of savings account requires maintenance and paying always rising local taxes? what percentage of your net worth is tied up in your real estate? what happens when real estate tanks? are you planning to time it and sell at "the top"?
Re: Ask HN: What are your best sources of passive income?
#13My retirement stock account invested in large index funds. I guess my savings account earns 1% interest also. Any other source of income I have is not passive. Question people when they talk about passive income renting out an apartment building. Find out who is calling the plumber at 3am when a pipe bursts, and ask how passive that is?
Most of the people who do that seriously use a property management company that deals with all of that and finding new tenants when needed. Less profit, but makes it pretty passive if you want it to be.