Build a private hostel close to a college and earn passive income for your lifetime.

[Niyi Briggs]

Every year, students are looking for where to stay close to school. The school hostels are not enough to accommodate all the students and they have to find alternatives elsewhere.

That's where the business opportunity lies. You can build a private hostel not too far from a university or college andne earning passive income constantly without fail for the rest of your life.

 

[jetsaints30]

Its definitely a lucrative business idea especially if youre located in a highly populated area where students are constantly looking for affordable and convenient housing options. Its definitely something worth considering if you have the resources to make it happen.

 

[Hate2Wait]

Yes it's a very popular way and one of my distant relative is doing that and able to earn good income Passively

 

[Niyi Briggs]

I stayed in one of such properties during my days at the University. The man never came to the compound. He just dropped his account number and credit alerts would be coming in.

 

[Hate2Wait]

That's another plus and they know only educated people will stay in the private hostel and will pay money directly to bank account

 

[nomad]

Building a private hostel is a very common way to build a passive income in my area. In my neighborhood, there are at least a dozen student hotels that have allowed the owner to make passive income.

 

[uptrendfinancialsignal]

If you have enough capital you can invest in this type of business because it is very lucrative.

 

[Springtime]

I agree that building a hostel near colleges and rent the rooms to students is a great source of passive income. However, you need to have a lot of money to build a hostel.

 

[eldavis]

This is actually the same thing as you investing in real estate. The best part about real estate is that if the building or property is properly managed it would last for a life time.

 

[cherry123]

I agree with you definitely. this is going to be a lucrative business idea you just have to locate it in the urban centre or a highly populated area as well.

 

[Reedex]

Building a boarding in school environment is a very good business.

 

[Yohanna]

If you have the capital to build the structure, it is a very lucrative investment.

 

[flower]

It is very correct that this type of business is very lucrative and it's a good way to generate passive income.

 

[Rubz]

This is a very good idea. It is under the rental properties source of passive income. Students might not be willing to buy a house since they might only be schooling for a short period of time and so, they rent houses.

 

[SHAHID987]

It is obviously a good idea, but normal common Individual can't even think about it because it required big capital. Plus the hostels do have their own issues, as here sometimes criminal activities seen there also.

 

[freelancermaria]

That is an excellent business idea and you can make a lot of money from it. It is something that I'd love to try in the future. The only problem is the start-up capital.

 

[saoussen5765]

That is an excellent business idea and you can make a lot of money from it. It is something that I'd love to try in the future. The only problem is the start-up capital.

You need to get agreement for bank loan to start your business if there is a big chance that project will have return of money instead of just stay collect money little by little because you need a very long time.

 

[bestwriter]

There will be a never ending stream of students wanting accommodation close to their college. This is sure a good idea for getting passive income.

 

[King Belieal]

This kind of income source would easily make you rich. That's because it is easily scalable because of the guarantee of yield.

 

[Shavkat]

It is so feasible to do this kind of business. But then, it is expensive to buy places near the schools.