Earn Passive Income by building Quarters Near Factory?

[Yohanna]

It is true that it is a passive income because rental properties is a passive income source.

 

[Reedex]

It is one of the best thing to do because you can generate passive income through that.

 

[eldavis]

This is also the same as investing in real estate, real estate still remains one of the best ways to generate passive income for yourself and you can make good money from it.

 

[Yohanna]

This is also the same as investing in real estate, real estate still remains one of the best ways to generate passive income for yourself and you can make good money from it.

It is not different from real estate investment which is a very good business.

 

[nomad]

If you do not have land near the factory, you will have to by land, and lad in the proximity of factories costs a lot of money. But if you have money, it might be a good passive income.

 

[Yohanna]

If you do not have land near the factory, you will have to by land, and lad in the proximity of factories costs a lot of money. But if you have money, it might be a good passive income.

To engage in this type of enterprise, you would need a lot of capital to succeed.

 

[flower]

You can definitely and passive income through building quarters and you will collect money for rentals.

It is a rental property and engaging in rental property is a very profitable Investment.

 

[Suba]

If you have building quarters it will be very profitable not only close to the fatory but also to the campus, you can provide housing for those who come from out of town, and you will get a large passive income every month.

 

[Rubz]

This is a very good idea. It falls under the rental properties passive income stream. Rental properties is a very good source of passive income because people are in search of properties to occupy for one reason or the other.

 

[olaniyi]

Not only building quarter near factory will bring income but near factory and if one can building a quarter near school area where student always find a place to Lodge it is also a good passive income

 

[Golden9]

Probably, most of the factory workers will probably rent it because it will be nearer for them to work there. I think it is a very good idea but getting a land may be a problem.

Also, many large factories actually prefer to build such accomodations for their staff themselves as it's cheaper and closer to the workplace. A few might go outside the one provided, but most prefer to stay with others like them.

 

[IB D]

This is a guaranteed passive income that would come in huge every year into your account. Very solid passive income source.

 

[Hate2Wait]

It's actually a very good way to earn passive income. You can expect regular income because mostly labour's are in need of affordable housing nearby their factory or work.

 

[Sawe]

This is very true, you can earn passive income from building quarters near a factory. You will always have good market as long as the factory keeps running.