Recently came into a lot of money and have always been partial to real estate. I'm in the process of building out a new business and won't see roi for 1-2 years. How would people who have had success create a passive income stream with minimal headache using $800k USD?
Hard Mode: Non us resident
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http://www.freeby50.com/2012/07/how-much-will-rental-make-more-complex.html
It ain't passive my friend but it is lucrative. You want to have a job to supplement a home but your dream house that your wife will fill with kids one day will be much easier to afford if those rooms are generating money.
>>1821767
Oh ya sorry poor choice of words. I can easily allocate 20 hours a week and a lot more in the beginning stages. I've researched on places like BP etc but it doesn't give much incite to the international market. Ideal for me is a 8-10 and working remotely since my home city is $800k for a shitbox and I wouldnt be able to self manage. Goal would be buy learn then property manager as my main business becomes more hands on, but to mitigate anxiety I want some relatively "safe" forms of income incase shit hits the fan. I lack the mental capacity to trade and dividend stocks are for retards.
So I guess my options are turnkey SFH or slightly aged condos with a smart HOA and favorable landlord laws. Just wondering what markets to look at and what states or countries provide that.
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>>1821760
Realestate renting is probably the most profitable thing now. Home values are always going up and theres really no where else you can make like $800 per month passive income on a $40k house.