Re:Ask HN: Best passive income method for a solo developer?
by douche on Friday August 19, 2016 @06:35AM
(#12319096)
Real estate. Landlording can be a sweet, sweet revenue stream, and with the right tenants, almost no work can be involved, other than cashing the checks.
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Re:Ask HN: Best passive income method for a solo developer?
by amnesthesia on Friday August 19, 2016 @07:39AM
(#12319339)
^^^ this. But this requires capital to even begin. I've considered buying an apartment in a country way cheaper than where I live, and AirBnB'ing it, and paying someone to manage cleaning and key exchange.
In some countries you can get a central apartment for $35k, and a normal wage is $600 per month. If you manage to rent it out on AirBnB for $6-700 per weekend or so (what I paid for an AirBnB in one such country last week with 5 people in a large central apartment), you could make nice profits.
Even renting it out to someone over long term would be profitable; lower profit (potentially) but less risk (definitely)
Re:Ask HN: Best passive income method for a solo developer?
by JoeAltmaier on Friday August 19, 2016 @09:29AM
(#12319799)
Renting is negative cash flow for years, in most markets. Its an investment, but you have to start with significant cash.