Keep your eye on Monday, September 21, the LUCKIEST day of the month, when Mercury and Jupiter, will dance in the sky together sparkling like diamonds. This could open a magical portal to success in launching new projects and contracts, increased happiness, amazing abundance, good fortune, and big opportunities for expansion.
First of all, there is no real "Passive income." The closest I have seen is NNN Commercial Real Estate.
If it were me, and I had the time, I would save up 3% for the downpayment, by a 4plex, live in one of the units and rent out the other three. During that first year, I would replace that 3%, and have my tenants pay the mortgage, insurance and taxes. After thee first year was up, I would take that 3% and go buy another one. Have to move into the new one, but I would either rent that one out (or buy a 4 plex in another area and visit from time to time). As long as you live there for a year, you can get the 3% mortgage.
And I would do that 5 times (so a 5 year plan) and then have 19-20 doors paying me rent every month. Then I would start talking to banks, because I have a solid foundation, income and experience. Then I would shoot for the stars...
@RealThomSieloff If you were to build passive income from as little as starting by building an ADU garage conversion, how would you proceed with the goal of running MDU's/ Apartment Complexes?
Weak father = Slutty daughter
Dominating mother = Mama's boy
Narcissistic mother = Insecure son
Absent father = Self-hating children
Poor marriages = Unhappy Homes
Unhappy home = Unhappy society
Broken homes breed broken men, and brokenmen burn the world.
Strong father = Confident daughter
Feminine mother = Masculine son
Loving parents = Secure children
Healthy marriage = peaceful home
Peaceful home = Strong society
my father always told me: “if you want to go for a run, go for a run, don’t look for company. sooner or later, on your fifth run or your twentieth, like-minded people will find you themselves.” and only recently have i realized that this principle works everywhere.