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Ask HN: What is your passive income 2019?

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Re: Ask HN: What is your passive income 2019?

#51

Post by typpo »

I have an outgoing SMS API called Textbelt (https://textbelt.com/). Kinda like Twilio but with flat pricing, smaller SMS packages for hobbyists, no dependencies, and allows 1 free SMS per day (good for crons or alerts).

I also run QuickChart, an API for generating embeddable chart images and QR codes (https://quickchart.io/).

QuickChart is fully open source, Textbelt has an open source version. Not always passive but they don't take much time. Combined they fund my non-mortgage spending.

Re: Ask HN: What is your passive income 2019?

#52

Post by blackswan101 »

--Tried selling coffee online - failed- margins too low -CCA too high --Real estate multifamily (8units) - once deferred maintenance is taken care of, will be profitable --Looking for a pain point in my companies product marketing department that I can solve and productize

Re: Ask HN: What is your passive income 2019?

#53

Post by southphillyman »

davismwfl wrote: post #44
eganist wrote: post #17

Earlier quoted context omitted.

Many people can outsource to management companies that handle this for you in exchange for a percentage. I've seen averages around 10%, with some outliers (PenFed credit union I believe?) doing 7%.

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…

Do you have any advice on finding service providers or contractors? It seems like it's mostly word of mouth but people with dependable providers/contractors don't want to lose them to other landlords or developers.

Re: Ask HN: What is your passive income 2019?

#56

Post by toomuchtodo »

southphillyman wrote: post #53
davismwfl wrote: post #44

Earlier 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…

Do you have any advice on finding service providers or contractors? It seems like it's mostly word of mouth but people with dependable providers/contractors don't want to lose them to other landlords or developers.

Trial and error.

Re: Ask HN: What is your passive income 2019?

#57

Post by HeyLaughingBoy »

maxkwallace wrote: post #21

I mean, it's worth asking, but anyone with a good niche would be smart to not post it publicly unless the benefits of publicity outweigh the risk of competition.

Eh! Based on what I know of people, the odds of any competition are slim. The odds of any effective competition are slim to none.

Most people are basically lazy and will talk a good game, but not actually do anything.

Re: Ask HN: What is your passive income 2019?

#58

Post by jamil7 »

welanes wrote: post #22

Not exactly passive, but side hustle that I hope becomes main hustle: https://simplescraper.io Tryna fill the gap that Kimono left. Aim to post as a Show HN once I polish it a little more.

> Aim to post as a Show HN once I polish it a little more.

Are you kidding? the home page at least looks really polished! great work.

Re: Ask HN: What is your passive income 2019?

#60

Post by rinchik »

tempsy wrote: post #41
rinchik wrote: post #35

Earlier quoted context omitted.

curious, do you count unrealized gains as income as well? I also did some passive index fund investments but I only count cash dividends as actual "income".

I am in this case..I don't really day trade, have dividends auto-reinvested and rarely sell. The market does sort of concern me right now though. We're sitting at all time highs for the S&P but there's worrying signs everywhere. I don't know how it'll all play out next year, so I might gradually sell some to lock in gains before end of year.

interesting, I don't auto-reinvested my dividends, I use those to slowly but surely diversify my portfolio with different companies and industries (which is still a reinvestment I guess)

It's kinds interesting and even exciting to "shop" for new investment opportunities when dividends are posted.

agree about the market and all time highs and it feels dangerous. The thing is that no one can really predict what will happen, the only decent advice is, again, to diversify? Diversify with assets outside of the regular market fluctuations, e.g with cash savings, real estate, precious metals

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