Skillfully buying and renting properties you are able to get monthly passive income around 5,000$ -10,000$ or much more depending on how many properties you will buy.
You ask “how the hell can I have as many properties? It’s not so easy to have more than one or two properties”. No it is not! In this article you will see how to get many properties nearly for FREE, and after a couple of years drain out of your many properties beautiful passive income per month doing nearly nothing. Enjoy!
To whom is this businessNES idea mainly addressed?
  • ones who already have source of income
  • financially medium-advanced ones
  • ones with good creditworthiness

SO HOW IT WORKS?

1. Search for small and cheap block of flats appartments in good quality. Small appartments are the most easy to be rented out. The most easily you will find residents for them. Small appartments also do not need to take much care of them. If you find any goof offers for small houses they can be good too, but they generate more problems to their owner.

You can choose one like in this picture:

All it needs is one room with kitchen space and toilet.

2. Get credit for your appartment. Let’s say you’ve found good appartment for 30,000$.
Take 30,000$ credit with monthly 500$ installments for 60 months.
3. Find tenant for your appartment. He should pay 500$ per month or more so after you pay credit installment you are on plus every month. Tenant pays your credit off.

4. After 5 years your credit is paid off by your tenants. And you still rent out your property. So you have now:
-your own property for free
and
-500$ extra every month

What to do next?

Think how many appartments you can have. How much credit you can get?

Because in fact tenants will pay your credit instalments there is no big difference how many credits you’ll have.

Let’s say it will be possible that you get 300,000$ credit.

You buy 10 appartments for that money.

so after 5 years you have 10 new appartemnts with paid off credits, and you have passice income of 10×500$ per month! 5,000$ a month and 10 appartments looks nice.

 

If you buy 20 appartments you will have passive income 10,000$ every month basically doing nothing.

Additional information

  • Every property is an investment. You can always resell it to get all money back. So if you get credit for 10 properties for 30,000$ and your tenants paid credit off, if you sell all the properties back, you will earn 300,000$ with 0 work.
  • Investing in property is stable and one of the safest types of investments.
  • Property prices go up. Probably if you buy property for 30,000 you can sell it after 5 years for 35,000

Related Posts

20 Highly Profitable Meat Business Ideas for 2021

20 Highly Profitable Meat Business Ideas for 2021

In this article we've prepared 20 very profitable and popular meat business ideas good to start in 2021. You can find a lot of chicken meat business ideas, goat meat business ideas, and even meat business name ideas below. According to us, you should pay attention to...

read more
40 Extremely Unique Business Ideas To Make Big Money

40 Extremely Unique Business Ideas To Make Big Money

In this article we have prepared 30 unique business ideas that can make big money because of how special and rare they are. One of the most important features of profitable businesses is that they are unique and do not have much competition. The business ideas we have...

read more
Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive great ideas and inspirations for your business!

You have Successfully Subscribed!