Passive Income – Property
This is my second post in my Passive Income series. If you have not read my first one I suggest you read that one now Passive Income
The first way to build up a passive income we are going to look at in this series is property. Prior to the GFC it was the favored way by many people to build passive income. I personally know many people who have become wealthy through property.
I am going to walk through the various ways people have invested in property and discuss the reality of those methods of property investment in today’s economy.
As we all know the world changed considerably because of the Global Financial Crisis (GFC) in 2008.
I live in Australia so will be talking about experiences in Australia. As I worked with several US property experts who we promoted in Australia I am also familiar with the US market both pre and post the GFC.
I discuss the methods used prior to the GFC and then comment on the strategy in today’s market. I am also only discussing positively geared property. In Australia there was a time when promoting Negative Gearing was very popular. I have never favored the strategy.
Building a Passive Income – by using the Buy and Hold method
Buy and Hold simply means buying a property and holding it. The income stream should be greater than any costs associated with “holding” the property and therefore giving you a “passive income”.
In the heady days leading up to the GFC investors would often start with one property then when it grew in value they would borrow further against the property to buy the next one, and the next one, and the next one….. In a buoyant market when the banks were lending and money was flowing it worked nicely.
This method of investment was used for both residential and commercial property. Often investors would commence with residential and then move to commercial property investement as their net wealth grew.
Does it work in 2012?
Clearly we are in very uncertain times economically. It is not easy to borrow money any more and the idea of buying a property and it increasing in value quickly is just not a reality. So the method will not work like it did in the past. There are still opportunities for astute investors but for the person just starting out it will not be a fast way to build your passive income.
Building a Passive Income – by flipping property
Prior to the GFC there was a method used called “flipping” property. The investor would get an option on the property and then on-sell it at a profit. It was a way a person could get started with little capital and by doing this several times build up some capital to move into buy and hold stratagies. Clearly by flipping you are not creating a passive income but the goal was to build capital to do that.
Does it work in 2012?
There may be some very rare circumstances this could work in today’s economy but it would be rare. You need a property market that is trending up for it to work.
Building a Passive Income – by using the Rent- to Own (or wrap)
I know many people who have created wealth using this method.
It works like this. We need to have an investor and a buyer. The buyer for whatever reason cannot obtain conventional finance to buy a home. Maybe they do not have a deposit or more likely they have a bad credit rating.
The investor obtains the finance and the “buyer” lives in the house on a “rent to buy” basis. The buyer pays a higher interest rate than the investor is paying for the loan.
I have known investors to have hundreds of houses in their Rent – to – own portfolio.
The idea is that as the property grows in value the buyer will have more capacity to obtain conventional fiance and then pay out the investor.
Therefore unlike a Buy and Hold strategy Rent to Own may not be a long term way of building passive income. In my opinion this is more a business than a investment strategy. There is considerable administration with being a Rent – to – Own (or wrapper) investor.
Does it work in 2012?
It can work. I know there are people still using this method. I cannot envisage anyone doing the numbers of properties that they were doing in the early 2000’s. You need an investor with the ability to borrow and a property that is going to increase in value. I am sure there is no shortage of people who fit the buyer mode with bad credit and no ability to borrow from a more traditional lender.
Building a Passive Income – Property Developer
Even prior to the GFC fortunes have been made and fortunes have been lost in property development. It is an area where you clearly need to know what you are doing to enter the game.
A developer is not necessarily building a passive income through developments. In order to have a ongoing passive income there needs to be some retained ownership.
Does it work in 2012?
There will always be developers and there will always be some that win and some that do not.
Passive Income – Property Conclusion
Can you still build up a passive income with property? Of course you can but the days of getting into property with no money and becoming a millionaire in a few short years are behind us. You need money to enter the game.
In today’s economy I advise that you start to build your passive income with some of the methods Iwill be covering in future posts in this series. This will give you the ability to put some of that money into property or other assets in the future.
Please leave me your comments on Passive Income – Property below. If you know of another way to invest in property please share it with us. If you live in another country besides USA and Australia are these methods of investment I have discussed used? If you found this post of value please share it with your friends.
Sue Price
Skype: sueprice
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Gen says
Sue I find that is one of the best pieces I have seen on how well the passive income model worked before, but how well it will work now. Sometimes it takes people time to come across information and the are still trying to do these things on this model. Great post.
Sue Price says
Thanks for your comment Gen.
I know the world changed for us with the GFC. It is really looking at what works now and what does not. I appreciate your feedback.
Sue
Petra says
I will right away clutch your rss as I can not in finding your e-mail subscription link or newsletter service.
Do you’ve any? Kindly permit me recognize so that I could subscribe. Thanks.
Sue Price says
Hi Petra
The only way right now to be notified of my blog posts is to out your details into the opt in box that says “discover how to double your conversions”. You do not even need to fill in what is on the other side if you do not want to.
Thanks for dropping by.
Sue
Sasha says
When someone writes an post he/she maintains the plan of a user in his/her mind that how a
user can be aware of it. Thus that’s why this post is perfect. Thanks!
Donna Merrill says
Hi Sue.
This model has been working for us here in the states for over a decade. But….In New York the rules are changing fast. We were making a great passive income this way, but the rules are changing every day. Does that mean we need to quit? No!
We are turning things around here and doing things in a more creative way. We have several properties, one we are selling, the other we are going to hold a note….(Yippie we are a bank now!) and as for the others, they will increase in value due to their location. We are just not up to that part yet.
There are other ways of creating our passive income and we are on it so far. But…looking forward to your next post for more answers.
Donna
Sue Price says
Hi Donna
Good on you for being creative with the properties you have. You are spot on these times do not mean you have to quit, just know and respect the market we are in.
My husband finds commercial real estate for investors. He says there are “markets within markets”. He is also a mortgage broker and that is fun (not).
I am going to cover quite a few other options. I think property for many people was seen to be the only way.
Thanks for your comment Donna
Sue
Lesly Federici says
Hi Sue,
I liked how you organized this article. Some of these concepts I wasn’t familiar with, so thank you for the education! I only own a home :-).
Sue Price says
Hi Lesly
Property is an interesting area and one where many people have created wealth. But most are like you and own a home.
Thanks for your comment.
Sue
Carol Lynn says
Interesting, I had heard of “flipping” houses but not necessarily all this terminology. I got an education today! I used to watch a TV show about flipping houses and it used to fascinate me. They started with a certain budget to fix it up and of course a hundred things went wrong and they went over budget and over schedule and sometimes they made money and sometimes not. Sometimes you look at how much money they made and it seemed like a lot of work for a little bit! I bet this was a lot easier before the whole housing debacle but if you are a smart investor you can find ways to do it and opportunities that work!
Sue Price says
Hi Carol
I have not tried many of the ways you can invest in property but I traveled with speakers and sat in the back of the room so got to a point I could have got up and taught it 🙂
Flipping works well in a property market that is trending up quickly otherwise you need to fix them up and that is time and money. Yes it was much easier before the crash. I still know people who are doing well now and yes they are smart investors.
Thanks for your comment Carol.
Sue
Adrienne says
Great post Sue and you really went into great depth to share all aspects of this area.
I’ve never invested in property myself. My Dad did have rent houses and he always knew that area would be prime commercial property someday so we held onto it for about 30 years. My Mom and I hated it because we were the ones that had to do the painting and repairs when the renters moved out. We had three houses.
As soon as Dad passed away that was the first thing we did. To this day, nine years later, it’s still not anywhere near being that prime commercial property he had hoped.
I know that real estate can be fabulous for a lot of people. It’s not something I care to venture into though but I appreciate your honesty about how this can be a good move, even today if you’re in the right location.
~Adrienne
Sue Price says
Hi Adrienne
Oh this was not the quickest post I have written 🙂 I really want to cover these areas well though so people know what choices they have.
Oh I get why you would not like doing the move out fix part. Some people love it but not for me. Your Dad had the right idea it seems so a pity he never lived to realize his vision on the property.
Property is an interesting one. Some people make fortunes and many lose money. I have heard people say “you cannot go wrong in property”. I used to be skeptical of that saying but now we all know that it is not true. For people who want to be in the property game they need to be very well informed.
Thanks for your feedback Adrienne, I appreciate it.
Sue
Sylviane Nuccio says
Hi Sue,
Well, you sure have an impressive knowledge on the subject. Even though I do not know very much about property market and real estate guy told me, few years ago, that people think that their house is an asset, but it really isn’t. Then few years later I read this in the book “Rich Dad, Poor Dad”.
I think that when it comes to make money with property is by buying them to sell them like flipping or even renting as you mentioned.
Thank you for this very educational post 🙂
Sue Price says
Hi Sylviane
The first time I heard Robert say your house is not an asset was in the very early 90’s. I was a CPA at the time and thought he was crazy. I argued with him 🙂
It took me years to really understand his concept.
Thanks for your feedback Sylviane.
Sue
Elaine Horner says
My husband and I have developed a lot of properties over the past 40+ years. We have personally developed from scratch – we are talking bare land, some carved out of the woods – acreages. Total of 6 acreages, and a few homes in towns.
Our thoughts were that every property has a buyer.
It has been a lot of work but well worth it. Buying the land at the right price is the first key step.
What did Mark Twain say, “Buy land they’re not making it anymore.”
Sue Price says
Hi Elaine
Good on you developing from scratch is not for everyone so well done. I am sure you have done very well given you did it over 40+ years.
I have never heard that saying of Mark Twain’s and I love it.
Thanks for sharing that with us Elaine.
Sue
farouk says
the idea is very good
the only problem is that we need a large capital to do that
Sue Price says
Hi Farouk
Yes we do need a substantial amount of capital to get started in property in our current market.
Thanks for visiting my blog.
Sue
Oliver Tausend says
Hi Sue,
only the buy and hold strategy would be passive, wouldn’t it ? All the other methods require constant monitoring although you can certainly delegate routine tasks to property managers.
I personally like the idea of shopping for property instead of shopping for doodads – it doesn’t even cost more time because it’s just a shift of time – and mindset, not to forget.
Thanks for sharing your insights.
Take care
Oliver
Sue Price says
Hi Oliver
Even buy and hold is debate able as to how passive. Of course you can have the properties managed but even then there are decisions to be made on repairs and maintenance. I also know of several people who have had residential properties trashed.
The other methods of owning property are definitely not so passive. I know people who have had a portfolio of buy to rents managed which I guess makes it more passive.
I must confess I am not totally over the doodad shopping. I have a fetish for shoes but it is more under control these days 🙂
Thanks for your comment Oliver.
Hope your week is going well.
Sue
Romy Singh says
Hello Sue,
You explained it very well. I’m crazy about buying property, new homes, and then flip them in higher price. But the biggest problem I’ve is Money. I don’t have enough capital to get started with making a passion income with property. So, I think I’ve to wait until I save loads of money in my bank account.
“We need seeds if we want to grow trees for fruits. Same goes to business we need money if we want to get started with any business. ”
BTW, I’m not very sure about Rent- to Own method works here in India. I think I need to collect more information on this.
Thanks for giving me so much information about properties.
Sue Price says
Hi Romy
You definitely need capital to get started in property. In the economy we are in right now there are other ways we can build up our capital. I will cover some ideas in further posts.
I love your saying “we need seeds if we want to grow trees for fruits” – so true.
I am not sure if the rent to own works in India either. I am really only familiar with the US and Australia. I am sure there are versions of the idea in other countries though.
Thanks for your comment.
Sue
Louise says
Hi Sue
Love this article on creating a passive income via property. Like most people I am familiar with the buy and hold and flipping methods, but I had not heard of the buy to rent method.
I have often heard it said that you make money in property by buying at the right price, not on the sale and I think in these times of less buoyant property prices, that holds true.
Also, finding property that you can truly add value to will always prove to be a good investment. I am more familiar with the UK property market and adding bedrooms and bathrooms always adds value over and above the initial investment.
Thanks again for sharing and I look forward to your next post in this very interesting series 🙂
Louise
Sue Price says
Hi Louise
The buy to rent method was huge in Victoria several years ago. We had a lot of people from Melbourne who did our seminars and then went on to do that method. It was generally called “wrapping” in Australia for years. When I think about it though I probably would not have heard of it either if I had not been around Pow Wow for so long. John Burley used to teach it our here. He is based in Phoenix, AZ. Then a couple of Aussies started teaching it.
I believe that comment on you make money buying at the right price is true.
Thanks for your comment Louise and have lovely weekend.
Sue
Leo says
I agree that real-estate is an excellent way to earn extra income not only from rents but from appreciation. But having been involved with it before, it’s anything but “passive” because of the amount of work involved in finding the right renters, dealing with tax issues and keeping maintenance on it. Not sure what it’s like in the rest of the world but here in California, even appreciation is not a sure thing nowadays, since it looks like property prices are still going down.
Sue Price says
Hi Leo
I agree with you that investing in property can be work so then we ask is it passive. Maybe recurring income is a better term.
The Australian market has sectors that are rising again in price slowly but in the main it is stagnant. We are certainly in different times than we were before the GFC.
Thanks for your comment Leo.
Sue
Leslie Denning says
Hi Sue. I know there a lot of people who make a lot of money by owning property. I think some friends of mine who live near Tampa, FL, have a great thing going. They own a very nice condo that they rent out seasonally for a very high amount. It provides them with extra income, now that they are retired.
I have recently divested myself of all rental property. Being a landlord wasn’t for me. I started off with really good renters, but it seems that they just got worse and worse. I sold my building to a young guy who is full of energy, and he’s doing a good job of fixing up and renting, and I say, “Hooray for him!” Thanks for sharing your expertise.
All the best,
Leslie
Sue Price says
Hi Leslie
I agree with you there are a lot of people who do and have done well in property. Your friends sound like they are doing a great thing with their condo.
Being a landlord is certainly not for everyone. Thanks for sharing your experience.
Take care
Sue
Radu says
I would say that flipping house is the most beneficial from what is listed in your article but it takes time, effort and solid nerves as you have to deal with real people. My plan is to build some houses ( in my country for a normal house, 60-80 square meters) estimated costs will be somewhere around $ 30-40 K. So it’s possible to build one cheaper and sell it for profit.
Sue Price says
Hi Radu
Flipping does take time and works best in a strong property market. I think that sounds like a great plan for your to build some houses. Our housing here in Australia is now very expensive.
Thanks for your comment and for sharing your goal Radu.
Sue
Radu says
Expensive? How expensive are we talking ? I mean i / you have to consider that the medium wages are different in your country than they are in mine and i believe that the levels are more or less simillar.
I think that in order to succed in this kind of business you need to be bald and to assume some risks.
Sue Price says
Hi Radu
I just copied this for you here from http://www.globalpropertyguide.com/Pacific/Australia/Price-History
“Australia has the least affordable housing market among the six developed countries covered by the 2010 7th Annual Demographia International Housing Affordability Survey.
The survey uses the Median Multiple to assess housing affordability in 325 markets in Australia, Canada, Hong Kong, Ireland, New Zealand, the United Kingdom, the United States and Hong Kong.
The Median Multiple follows this formula: Median Multiple = median house prices / median household income.
Australia’s Median Multiple is 6.1, compared to the international norm of three times household income. Of the 32 Australian markets surveyed, 27 were rated as “severely unaffordable” (Median Multiple of 5.1 and above), while 5 markets were regarded as “seriously unaffordable” (Median Multiple between 4.1 and 5.0).”
City prices are expensive and regional areas more affordable but then there is not much work. It is all relevant.
Oh I think you are spot on and there are risks in property that is for sure.
Thanks for sharing here Radu
Sue
Bob says
Radu – Good for you! We have friends who have flipped houses for years…that definitely takes “nerves” as you say! Myself, we have built a lot of homes from scratch – takes a different kind of nerves, but at least you know what you are starting with each time and can trust that the “raw materials” are always the same. Best of luck to you Radu!
-BB
Sue Price says
Hi Bob
I know your comment is to Radu but just wanted to thank you for visiting my blog and for commenting.
Have a great day.
Sue
Viola Tam says
Hi, Sue,
What a great post! I thought that you are a leader in Network Marketing. Little did I know that you know so much about property too! I like the way that you ask this question : Does it work in 2012? Excellent insights!
I could not a agree more with your conclusion. Getting into property with no or little money and becoming a millionaire in a few short years are something that most people cannot afford.
Viola Tam
Sue Price says
Hi Viola
Oh my back ground is varied. I know a lot about property mainly because of my time with some great teachers on the subject and my husband works with it. I know a lot of people who became very wealthy in property in the years leading up to the GFC.
The world has changed and that is why network marketing is now such a good choice. But you know that 🙂
Thanks for dropping by Viola.
Sue
Richa says
Hey Sue
Thanks for this great insight on passive income. I am learning a lot on this aspect.
Sue Price says
Thanks Richa I am pleased to be able to help with education.
Sue
Boyce Sharpe says
Thanks for this informative post. Investing on properties is advisable since these are the only ones who appreciate you can buy it at 1M then after few years you can sell it at 3M, but not always since this would depend on the economy and safety of the area.
Sue Price says
Thanks for your comment Boyce. I know there were times when a property appreciated in value that much but not sure where in the world that is happening right now. Those times will come back though. We have always had ups and downs but in the long run property has done well.
Sue
Nina Corales says
Thank you for sharing your knowledge Sue. You are right there are a lot of ways on how to make money from real estate properties.
Sue Price says
Thanks for your feedback Nina
Sue
Joy says
The buy and hold method seems like an appealing way to generate passive income, this is probably the kind of investment that I will not hesitate to make given that its value will continue to rise over time. Thanks Sue, excellent share as usual 🙂
Sue Price says
Hi Joy
Thanks for your comment and I agree with you I am also most comfortable with buy and hold.
Have a great day
Sue
Life Insurance Vancouver says
Both flipping a property and renting your home or space are great ways to earn a passive income. But that will also depend on your capability to handle the property. Thus, it is necessary that you equip yourself first of the basic knowledge that you need to know before you dip in in this type of venture if you really want to get the most from your property or capital.
Sue Price says
I do not know your name but wanted to say thanks for your comment. Whatever method someone chooses in the property market certainly needs to be researched. I agree with you on that one for sure.
Thanks for finding my blog.
Sue
Elaine Salt says
Everyone of us may be affected of GFC. Buy and Hold Method is interesting. One should be ready with basic information and be open with useful ideas. With this post, you have given new hope on how we can overcome this dilemmas and making the most of the resources. Worth reading post! Thanks and more powers to you Sue!
Sue Price says
Hi Elaine
Thanks so much for your feedback. That is the aim of this series for me to give people hope. There are so many people who since the GFC cannot see a way forward.
Have a great day.
Sue
p4propertytrades says
Great post, You have very well researched about this. I am also investing in property. I know the benefits of investment in property some of these The main advantages gained from investing in property are:
Capital growth, Rental income, Degree of control, Lower volatility, Tax benefits,
Hedge against inflation, Capital growth
Sue Price says
Thanks for your comment. I am sorry I do not know your name so I cannot address you properly.
I agree they are some great advantages in property.
Sue
Josef says
Hey Sue,
This is a great and informative post. I was just discussing the property market with a friend last night believes precious metals are still a better investment than property. I will be sending him a link to this page.
Sue Price says
Hi Josef
I think your friend has a valid point if we are talking about something increasing in value. This series was on Passive Income and you cannot get a passive income from metals. It really depends what an investor is looking for and many other factors. Thanks for raising a good point Josef.
Sue
David says
I will be looking forward for your future posts because I want to enter this market for some passive income. How much money is actually needed to get started? Can you suggest?
Sue Price says
Hi David
I do not write on property normally and probably will not do a post on it again. I was doing a series on passive income and of course needed to include property. The amount of money you need to get started depends on where you are in the world and where you will be investing — and of course other factors. I live in Australia and our property is quite expensive. Do your local research David.
Thanks for finding my blog and for your comment. All the best with investing.
Sue
Mitch Carson says
Great Article. As a Newbie Blogger, I gained so much knowledge! Thank You so much for sharing all these valuable Information.
Sue Price says
Hi Mitch
Thanks for your comment. As you mentioned you are a newbie blogger may I suggest you get yourself a Avatar at Gravatar. If you do not know what I am talking about just follow here. These instructions are from Adrienne Smith.
1. Go to Gravatar.com and sign up for a free account.
2. You will need to use the same e-mail address that you use for leaving comments.
3. Once your account is approved, click on the link sent to your e-mail address to activate and confirm your account.
4. Go to My Account and follow the instructions to add your picture.
5. Be sure and check that everything is confirmed and you are good to go!
Mitch Carson says
Wow! Thank you so much Sue!
Okay, I’ll give it a try now.
Thanks for the wonderful tips about this gravatar.
Sue Price says
You are welcome Mitch.
alex sheen says
I have heard from many people that real estate business is just like selling gold. If you have proper knowledge and aware of market rules and tactics, you can become rich in a very short span of time. I read your post, it is commendable and very help full for beginners in this field. Keep up on sharing such valuable information with every one.
Sue Price says
Hi Alex
I think selling gold is probably more reliable as people do also lose money in property without the proper knowledge. I agree with you with the proper knowledge it can be a great investment. I think the days of becoming rich quickly are not with us any more.
Thanks for your comment.
Sue
Blossom Zetajones says
Property investment needs lot of patience and a handsome amount of capital. But if we know what we desire and if we apply the correct strategy on correct time, I am sure no one can fail. Success becomes certain. I read your post and other bloggers comments also. Just like them I also feel that honestly, your post is quite imformative, if possible, pleas do add few more imformative posts just like this one.
Sue Price says
Hi Blossom
Thanks for your comment. I agree property does require capital and time. Yes if timing is right then we should not fail the difficulty is we cannot always pick that.
Thanks for finding me.
Have a good day.
Sue
Denver Homes says
Having been able to read your post, feels like an enlightenment to everyone who wanted to invest in property to be able to have an income. We all know that it is not easy but you just have to choose which among those perfectly fit your desire and passion, that way it will not only generate income but it will be more easy for you. Thanks for sharing.
Oliver Dennis says
Really thanks for giving such a useful tips of how we can make passive money from our property..really we can make a lot of money from our property as just buying it and keeping it on hold and wait for time when its costing increases and as its costing increases just sell it out.
Sue Price says
Hi Oliver
Thanks for the comment. Yes property can be a wonderful source of creating wealth as long as people become educated.
Have a good day.
Sue
Hanuman Naidu Eagalaa says
Its very good information for life change articles.we can understand and use what is life and impotance for properities rent as a “passive income”. its good
thanks for sharing
Sue Price says
Hi Hanuman,
Thanks for your feedback on my article. I appreciate it.
Sue
Saddat Abid says
Hi Sue
Great post about passive investment. Collecting rent payments and using rent to pay down your mortgage, now that’s smart!
Sue Price says
Thank you Saddat it is a good strategy.
Wilmingtonrentals says
Hi Sue, I just came across this article and noticed that it is just about 3 years old. Will you do an update on this article on what’s working in 2015? If you have done so already, will you send a link to me? I’m just curious as the real estate seems to be making a turn from the worst, however, I talked to a realtor friend of mine here in the states and she says that there is no inventory for home owners and investors. According to her, people are afraid to make a move right now. Home owners are waiting to appreciate more money into the property and millennials are reluctant to buy. What is your take on this? I would love to hear your thoughts.
Thank you,
Leah
Sue Price says
Hi Leah,
I am not a realtor so really do not give advice. I wrote this post as one in a series of ways to make residual income. I also live in Australia so our markets are quite different.
I have not written a later post and nor will I for the reason I mentioned.
My husband finds commercial property investments for investors and at the moment he is very cautious.
Apologies I cannot help you more Leah.
Thanks for finding me.
Sue
Oak Laurel says
Hi Sue, I am also an Australian but now is 2016 and in my experience and understanding making passive income in property is as much about the individual property choice as it is the method or type of investment. The moral is do your due diligence on the investment that you are making.
Sue Price says
Hi Oak,
I think it has always been the case to choose wisely and yes do your due diligence. Now more than ever in Australia we are seeing many over priced properties, especially in the residential market.
Thanks for your comment.
Sue
Christian Marin says
Hi Sue,
Great article on building passive income. The housing market here in the US is extremely hot. I’ve been flipping homes successfully in Orlando, FL for the past year and I’m now starting to buy rentals to get that passive income. Time to get some renters to pay off that mortgage down
Sue Price says
Hi Christian,
You have a great strategy going. Flipping is such a good way to build up some capital and then to build the passive income. Well done.
The housing market in many parts of Australia is over priced so investors need to be very careful here. It will be interesting to see what happens.
Thanks for your comment and you have a great day.
Sue
JainOncor says
Really a nice blog
Now a days mostly 90% of people investment in real estate or building house and they earn a huge amount of profit out of this investment.
Sue Price says
Thank you. I think it must depend in what country you are in as in much of the world now many people are not making profits on real estate.
wacorp says
Yes property is the best thing to investment and earn a good income.
People investing in property has earned a great wealth.
Sue Price says
Yes there are many wealthy people in the world who have made their money through property.
Antonio says
Passive income is very powerful if you can put it all together. The key is to create a platform that gets traffic and watch how the magic is performed. It takes work but it’s all worth it.
Sue Price says
Yes it is worth it Antonio. It does take work to grow a passive income and it takes time. This post was referring to passive income from property however there are different ways to build one as you have mentioned.
Thanks for your comment.