Ask HN: What is your passive income 2019?

Post by buboard » Tue, Oct 29, 2019, 6:50 PM UTC

bonoboTP wrote: post #73

Followup question (if allowed). If your passive income involves software and you're also employed at a software company, how do you deal with the potential legal problems? Most contracts don't allow for commercial side projects and the company owns anything you create even outside of working hours. Do people just keep quiet and not tell their employer? How risky is it? I know some people who simply don't bother telli…

Post by 2025 » Tue, Oct 29, 2019, 6:51 PM UTC

Post by jawns » Tue, Oct 29, 2019, 6:52 PM UTC

davismwfl wrote: post #39

turdnagel wrote: post #9

Earlier quoted context omitted.

You don’t have to do work as a landlord?

I have myself setup where no, I don't personally do any active work as a landlord. I get payments deposited into my account every month and I have some loan payments go out but outside of that I am not active month to month doing anything. When things to break or need service (usually a few times a year something minor pops up), my involvement is approving a repair or calling on a company I have used prior to take ca…

Post by om3n » Tue, Oct 29, 2019, 6:52 PM UTC

Anon84 wrote: post #98

davismwfl wrote: post #8

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…

Post by Schweigi » Tue, Oct 29, 2019, 6:54 PM UTC

deanmoriarty wrote: post #97

Schweigi wrote: post #72

Currently i have mainly two different passive income streams. A side project and multifamily property investments. My side project ( https://www.teamcalapp.com ) returns around $2500/month and growing. I think the main improvement to be done is doing more marketing, which is unfortunately not so passive. Im also investing in apartment complexes. Right now i have 4 passive investments. Since I’m only a passive LLC mem…

Would you be willing to share the name of the sponsors you invest with in the LLC? I am interested in doing the exact same and am an accredited investor, but I don't want to invest in the fundrise.com of the day, what they offer seem very "bottom of the barrell". I would rather find some sponsor who would like accept a more limited number of accredited investors with whom to build a long-lasting relationship (ideally…