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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?

#161

Post by snisarenko »

wait-a-minute wrote: post #95
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…

Silly question, but how will your product survive if Google decides to just implement that type of view on the calendar?

Google has neglected their calendar product for almost a decade. I wouldn't be too concerned.

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

#162

Post by dsaavy »

matt2000 wrote: post #32
dsaavy wrote: post #18

I run a business automation services site ( https://www.mergeyourdata.com/ ). Basically I build an automation for small businesses and schedule them to run. Took years of learning the ins and outs of the biggest pain point areas for businesses and the technical solutions that would solve those. The learning all pretty much took place at my regular day job and I was just able to expand on those lessons.

Very interesting. If you wouldn't mind sharing some more details: Are you receiving fairly steady order flow now? Where do most of your customers come from? Thanks!

Orders come and go inconsistently since almost all of them come from referrals and/or organic site traffic. This does result in a wide range of requests which keeps things interesting.

Basically all of the work is in the beginning then it’s just subscription based for the automation refreshes (or an agreed upon amount if services are continuously running) and any minor updates.

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

#163

Post by Blackstone4 »

zer0tonin wrote: post #49
Blackstone4 wrote: post #11

Earlier quoted context omitted.

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.

> My personal opinion is that retail investors love dividend stocks and they are more expensive than non-dividend stocks. This is absolutely not true, there's plenty of stocks around here with low P/E ratio and dividends. You just have to look outside of tech to find them.

I made a generalization so there will be counter examples and I appreciate that some stocks/sectors will have attractive dividends. I would put REITs in the expensive dividend-focused sector...

The main issue I have with a dividend paying stock is that they pay corporation tax and then I pay income tax on the dividend....with a group which re-invest its earnings, I do not pay income tax on that and if I need cash, I can sell stock and pay capital gains tax at a lower rate.

The main issue with dividend stocks is that when the dividend gets cut there's forced seller by the dividend ETFs and stared retail investors so the drop in share price gets exacerbated which is unfortunate.

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

#164

Post by [deleted] »

ericol wrote: post #28

Not sure how to properly put an adjective to it, but I'm doing some side money on crypto trading. I started with a rather small amount of money (~0.15 btc) that grew to around ~0.21 in two months before the shitcoin I was playing with went literally to shit (They are not called shitcoins for nothing) and was left with around ~0.12. I'm testing the waters now with a more stable shitcoin. FWIW mine is (seems to be, at…

[deleted]

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

#165

Post by dhruvkar »

I invest in large industrial real estate ($2-10M) with established tenants (often publicly traded companies) in the Midwest with a group of other investors. It's kind of like Fundrise [0], but with a handful of people in a 2-3 deals a year. With ~180K invested, I'm around $1750/month in positive cash flow.

0. https://fundrise.com

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

#166

Post by sprain »

I run an independent, localized wedding registry platform. Couples pay a one-time activation fee. A friend and I built the site some years ago and never really changed anything. All we have to do is to reply to 1-2 support emails per month and keep Google ads running. On average it generates a profit of about 1,5k per month.

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

#168

Post by Anon84 »

opportune wrote: post #141
Anon84 wrote: post #98

Earlier quoted context omitted.

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…

Kind of OT but I don’t understand why everyone with some spare time doesn’t get licensed for real estate to circumvent the cartel fees. It costs about $300 + the fees for the classes and 135 hours of time. But it can save you tens of thousands, gets you privileged access to listings, plugs you into the whole real estate ecosystem... it’s kind of a no brainer, as far as I can tell

Yep, that's what I'm thinking as well.

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

#169

Post by imroot »

xur17 wrote: post #146
imroot wrote: post #125

I do microlending through Lending Club, own a Pawn shop (which is managed day-to-day by someone else), and own a Great Clips (Sounds silly, but, again, managed by someone else).

How did you get into the second 2? I've always been curious about purchasing a physical, but never known how one goes about it.

The Pawn shop was my Father-In-Law's idea, but, it requires a LOT of paperwork (including getting your FFL Type 2), a lot of regulatory stuff (retaining DL's and video on all transactions, reporting to regional fusion centers), and a lot of time (it was probably 18 months before we were profitable).

The Great Clips was just a chance thing -- Sport Clips didn't seem like it was up my alley, and it's also located in Eastern Kentucky, where not a lot of people go for $70+ haircuts. Existing owner wanted out of his franchise agreement, and I was more than happy to purchase it from him.

Eventually, I might try to market and sell the Pawn Shop's POS that I wrote for it, but, that's years down the road.

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

#170

Post by imroot »

awinder wrote: post #132
imroot wrote: post #125

I do microlending through Lending Club, own a Pawn shop (which is managed day-to-day by someone else), and own a Great Clips (Sounds silly, but, again, managed by someone else).

I’ve become increasingly curious about things like owning a ____ franchise (mostly from watching this fantastic location by my house go through a revolving door of poorly-run franchises and wondering “I bet you could make some money if you just ran the place right”). So this doesn’t sound silly to me in the slightest. But I am curious if you would indulge my curiosity, how’d you come to decision to pursue such invest…

I just know that I needed to diversify what I had -- and, it was between buying a Great Clips franchise or opening up a pizza joint.
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