About to get my hands on $200K. What is the best way to turn that into a mostly passive income stream (doesnt need to be 100% passive, but I need to be able to maintain a day job too)? Leaning towards buying 2 4 senpai apts near one of the local colleges; any better ideas?
If you're going to have a day job the best thing would be to set up a mutual fund that reinvests and focus on your day job. If you need the money for something (or you want to do some enterprise, such as the apartment idea), it depends on what's available in your area and your stomach for risk.
>Go to auction warehouse.
>Bid $10-15 on what looks like junk.
>Find lot that contains a few good things.
>List these good things worth $$$ on eBay.
>List for free, and get residual income over days/months.
>Repeat until you have 4-5 figures in inventory.
I would recommend buying a townhouse over apartments. Then you actually own the land which is more valuable imo, plus you don't need to deal with apartment procedures for rennovating and shit. Get a town house with like 3 small apartments in it.
>withdraw 200k from bank
>get penis enlargement surgey
>get a boobjob
>get a sex change
>be a camwhore
>advertise on r9k /b and most importantly /fit cause theyre all fags
Hope this helps op
Work out the ROI on the properties, it's often less than you'd think. Where I live, gross ROI is roughly 6%, net ROI 4%. Thats assuming everything goes well, no squatters, not major work needed on properties. Only advantage of real estate is flipping it over for profits, but implies knowing a few things about the market in your area.And you still have to spend time on it.
You can easily get 4-5% on low risk investment, and spare yourself the hassle.
This is true. Yields before fees and expenses are down to 4% here in the UK, that's just not a good return. You're entirely reliant on continuing price increases for most of your gains, and prices are already at record highs.