I suspect a lot of people in Chicago dream of scrapping their 9-5 job and working entirely for themselves. That’s why there’s been a growing trend to earn passive income. Maybe, it’s an oil royalty or rent check that comes in the mail monthly. Passive income may be considered income without direct effort on your part. Now more than ever, people are finding ways to make ends meet without having to punch a clock. Is this is your dream and you’re ready to make it a reality? Read what Sean Tarpenning at Bigger Pockets says about 4 ways to earn passive income.
4. Invest in Rental property is the fourth of 4 ways to earn passive income – My favorite way to earn passive income! Property investment is one of the oldest methods for creating side (or sole) income. While it can’t always be described as passive. Let’s be honest, owning property can be a lot of work at times, but it’s an excellent strategy for building your wealth and eliminating the need for other forms of income. There are lots of strategies for building passive income from real estate. One that caught my attention recently is BRRRR – Buy, Rehab, Rent, Refinance, and Repeat. Fortunes have been built this way.
Since our inception, we have been helping homeowners along with improving communities in each and every city we work in.
One of us will do a walk-through of your house. We will note any deficiencies, deferred maintenance issues, and improvements we need to make. The renovated house should appeal to today’s home buyers. We will make a cash offer for your house. You are under no obligation. With our offer, there are no fees, no commissions and we will buy your house as-is. We can close in less than 30 days.
We not only purchase property but we also sell our homes directly to buyers, many of which are completely renovated and in move-in condition. Whether you are dreaming of becoming a first time home buyer or looking to upgrade your current home, we can help. If we don’t have a home to sell directly to you, we can connect you with a licensed agent who can help you find your dream home!
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