Not what you were looking for but real estate (mostly rental) has been and remains my primary passive income.
What would you recommend as training/resources to get started in real estate investing? I was thinking of getting a real estate dealer license as a way to get a better idea of how the system works and go from there, but any words of wisdom from someone already doing it successfully would be most welcome. There's plenty of "real-estate investing" information online but most of it looks scammy as hell. EDIT: I'm based…
Ask HN: What is your passive income 2019?
191–200 of 306 posts
Re: Ask HN: What is your passive income 2019?
#192Earlier quoted context omitted.
Correct in my experience 10% is a good guideline. I actually set things up slightly different but essentially it follows the same process. I have service providers I negotiated and setup that manage different aspects for me, so most all I have to do is make an approval or call and I don't have to pay a percentage fee each month. I learned how to do this after I had a bunch of properties in the past and was paying 8-1…
I pay 7% and the property management takes care of renting out, collections, notices etc. They have a list of contractors to do work but I always seek out multiple bids.
I actually found out that in many cases my background checks were catching stuff the rental agency did not which really pissed me off. I use the local sheriff's office to run the background for $20, and then credit check with an online company for $15. I get a true picture of the person/people this way, the rental agency wasn't doing a background check, it was only a want/warrant check and credit check. I prefer knowing the background of people and being able to deny for valid concerns, like the one I found out had been evicted from their last 3 places but lied on their application about prior evictions. The real estate company running my old checks would have never seen that since they just did a wants/warrants check, but I did and denied these people the rental for lying on the application about prior evictions. That said, I had a young family rent a house from me one time that had been evicted and gone bankrupt the prior year. They never lied to me, were honest as best I could tell, and upfront with me about everything so I rented to them after meeting with them. I only required them to provide a full months rent as security instead of a reduced amount, which they totally understood. Never had a problem with them and they got their security deposit back cause they took care of everything.
Re: Ask HN: What is your passive income 2019?
#193I started selling related T-Shirts, and make ~$60 a month. Nothing big, but it's beer money. I plan on expanding the related website and even starting a YouTube channel, but it's not exactly something I planned on monetizing.
Re: Ask HN: What is your passive income 2019?
#194I'm working on a website that calculates the unit prices on Amazon products. Hoping to help save people some money, since there are a surprising amount of times where buying in smaller quantities actually saves you money. The website is https://unitprice.org/browse if anyone is interested! It's still very much in its infancy, but I plan on doing a "Show HN" soon! Based on the last two weeks, I have only made about $1…
Oh hey. Actual built a prototype around this. And even bought some domains that sounded similar.
I abandoned it when Amazon blocked my cloud scrapper. Also seemed quite manual labour intensive since the quantities displayed are so inconsistent.
Re: Ask HN: What is your passive income 2019?
#195Running the same passive project as 2017 - a day trading robot focused on Canadian (TSX) market conditions. It's been wildly successful closing positions on a nightly basis and exploiting market patterns that work at a scale that I care about. I spend almost zero maintenance time per month, less than 10 minutes per day interacting with it. It's also proved an excellent toy for me to constantly retool and play with ne…
I had assumed the evil Goldmans of the world had thrown enough cloud power at everything to find ever free penny already
Re: Ask HN: What is your passive income 2019?
#196I sell/invest in Pokemon/Magic the Gathering/Yugioh Cards. It's some work to keep up to date with prices, managing the online store / in person matters. But it's a fun hobby and I've made lifetime friends as well.
Re: Ask HN: What is your passive income 2019?
#197I was selling computer chips, old but still valuable for resale in my local market. Had to stop due to new restrictions on imports, namely elimination of tax floor for imports. Now everything is getting taxed, and that means my margins are gone. It was fun while it lasted, I had about 10k USD Per year in profits , used it for beer and travel money. I would do personal deliveries in bakeries, and only bakeries. My ala…
Re: Ask HN: What is your passive income 2019?
#198cannabis online store. my profit share currently nets me around than CAD10k per month. started about a year ago when a few friends pooled money together to take over a failing online cannabis store, which are not legal in Canada but are sort of outside of law enforcement interest currently so we operate pretty freely at this moment. i've always been keen to do this as i've heard how profitable it is, so when they ask…
I've been toying with the idea of starting a cannabis software company to help people like you.
Re: Ask HN: What is your passive income 2019?
#199Earlier quoted context omitted.
only do this if you need the money If you need the money short term, then it shouldn't be invested in equities.
In theory I agree...but it's been a 10 year bull market and I would really not want to see any of my non-retirement or retirement accounts halved if I can help it. My amateur "macro" view is we're in for heavily volatile times in the next 5 years. I tend not to follow textbook personal financial advice shrug
Re: Ask HN: What is your passive income 2019?
#200Same as last year. High-dividend stocks and ETFs. Everything else (including my rental property) is a lot less "passive" than most people think.
My personal opinion is that retail investors love dividend stocks and they are more expensive than non-dividend stocks. Further to this, I have strong preference for firms which re-invest their cash flow resulting in capital gains which is much more tax efficient than a dividend.
Of course, my portfolio is more than just dividend stocks, but it’s a good passive income source.