The advantages of creating a passive income stream through rental properties

[Bisolami]

Yeah, even before buying any rental property you must make proper research in order not to make mistakes. You also need the necessary documents before you make payment.

There are some rental properties which are no more in vogue and that is why you need to make research to know the ones that you are going to buy and rent out

 

[LoukiaCharilaou]

Yeah, but it is always important to make proper research before you make any investment. But it seems as if rental properties is safer than many investments.

The truth is that in my country real estate investment is highly recommended. So, I would like to give it a try since a lot of people here make passive income through it.

 

[Bisolami]

The truth is that in my country real estate investment is highly recommended. So, I would like to give it a try since a lot of people here make passive income through it.

You can give it a trial if you have so much money or enough money to start it

 

[LoukiaCharilaou]

You can give it a trial if you have so much money or enough money to start it

Yes, I will give it a try. I do not have enough money for it yet but I think I will be ready for it in a couple of years.

 

[Chibson]

There are some rental properties which are no more in vogue and that is why you need to make research to know the ones that you are going to buy and rent out

That is true and I think you should have connection with the agents. The agents can let you know the ones that people prefer.

 

[RicAngelo]

The best thing about it is you can expect stable and fixed income which we all desire at this present age

my friend has this kind of rental property near campus or university, and it is really profitable, the covid era, of course, make it worst but now it gain more profit again as students back to school again

 

[Chibson]

my friend has this kind of rental property near campus or university, and it is really profitable, the covid era, of course, make it worst but now it gain more profit again as students back to school again

I live in the University environment and I can tell you that such properties are very profitable. Of course, during covid-19 many people went back to their various homes.

 

[RicAngelo]

I know right? @Chibson I wish I have land near University but my land is not located near it, still having a rental property is one on my bucket lists, I want to make sure I will enjoy my retirement with a smile

 

[Chibson]

I know right? @Chibson I wish I have land near University but my land is not located near it, still having a rental property is one on my bucket lists, I want to make sure I will enjoy my retirement with a smile

Yeah, having such a property will always make you to enjoy your retirement. I think you can look for cheap ones to buy for future purposes.

 

[RicAngelo]

indeed, i have land but I will give it to my daughter and the location is not near the educational complex, so I will try to find another land to build that property one day @Chibson

 

[Bisolami]

Yes, I will give it a try. I do not have enough money for it yet but I think I will be ready for it in a couple of years.

That is quite understandable
I am sure that you will do well in it by the time you decide to start

 

[RicAngelo]

yes, doing this kind of business is needed a lot of capital (if we buy land in the right location the capital will increase of course) and I understand that this kind of business is not for everyone but we can hope that one day we have ones

 

[Hate2Wait]

my friend has this kind of rental property near campus or university, and it is really profitable, the covid era, of course, make it worst but now it gain more profit again as students back to school again

Its popular all throughout the year as not every student is willing to stay in the hostel and they will look for accommodations that are nearby the university or college

 

[RicAngelo]

indeed, renting property near the university never goes wrong I wish one day I will have this kind of business and will create a passive income for me, earning and saving for now, step by step, right?

 

[Hate2Wait]

Any property can help us earn fixed rental income as long as it's not haunted and this is one of the best ways that can Provide us stable earnings

 

[RicAngelo]

haunted? LOL even haunted property can use as a money machine, though. i know I will not doing it but for some people they will see this as the big opportunity to earn money

 

[Hate2Wait]

haunted? LOL even haunted property can use as a money machine, though. i know I will not doing it but for some people they will see this as the big opportunity to earn money

Lol how can you make money from a haunted property

 

[RicAngelo]

we can make it a ghost house, and sell it, people are always curious about this thing, horror movies in my country always have a million viewers in Movie Theater

 

[Hate2Wait]

Nope I don't think it'll work lol.

You cannot expect decent passive earnings from such a haunted house

 

[LoukiaCharilaou]

That is quite understandable
I am sure that you will do well in it by the time you decide to start

Thank you for your kind words. All the best to you too.