Earn Passive Income by building Quarters Near Factory?

AgoraForo - Digital Marketplace & Freelancer Forum

eldavis

Very Familiar
Member
Sep 4, 2022
15,059
664
Dex
$0.000
Raw Dex
$5.986
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.
 

nomad

Very Familiar
Member
Jun 22, 2022
10,921
511
Dex
$0.010
Raw Dex
$0.200
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

Notable
Member
Mar 19, 2023
2,110
33
Dex
$0.000
Raw Dex
$0.000
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.
 

Suba

Notable
Member
Nov 11, 2022
3,879
471
Dex
$0.000
Raw Dex
$1.585
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

Notable
Member
Sep 12, 2022
1,612
15
Dex
$0.000
Raw Dex
$0.008
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

Unfamiliar
Member
Jun 10, 2023
470
15
Dex
$0.000
Raw Dex
$0.000
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

Notable
Member
Sep 6, 2022
1,897
143
Dex
$0.000
Raw Dex
$1.485
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.
 

Hate2Wait

Very Familiar
Member
Jun 16, 2022
24,874
2,498
Dex
$0.100
Raw Dex
$0.681
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

Somewhat Known
Member
May 14, 2024
714
25
Dex
$5.000
Raw Dex
$0.823
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.
 

freelancermaria

Well Known
Member
Oct 24, 2022
5,694
227
Dex
$0.870
Raw Dex
$2.263
Yes, that is a great business idea. You can generate passive income by leasing out your space to factory workers. A factory is nearby, and all the apartments available for rent are already taken.
 

Hate2Wait

Very Familiar
Member
Jun 16, 2022
24,874
2,498
Dex
$0.100
Raw Dex
$0.681
If you can afford to invest big, you can construct good flats and apartments and these can then be used to rent by the staff members too
 

Shavkat

Very Familiar
Member
Sep 7, 2022
13,631
947
Dex
$0.515
Raw Dex
$0.003
I think it is feasible. It is also the same thing that applies to having rented apartments for students that are near to their schools.
 

Kera

Notable
Member
Jun 18, 2024
1,147
9
Dex
$0.000
Raw Dex
$0.400
In my country, residential properties are now allowed to be developed in industrial locations. Maybe having one in the environs could serve the purpose.
 
Back
Top