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A comment on Ask HN: What was your best passive income in 2016?.

Re:Ask HN: What was your best passive income in 2016? by tove on Sunday December 11, 2016 @06:29AM (#13150607)
My passive income is quite standard. Three apartments in a new block. I bought all of them four years ago when the construction was still unfinished. This got me a good price. I knew that the area would be under continuous development, therefore it won't be hard to find renters. I was right. Best part is that I didn't even have to furnish them. I managed to rent them all unfurnished.
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Re:Ask HN: What was your best passive income in 2016? by Dowwie on Sunday December 11, 2016 @08:03AM (#13150887)
In what country are you located? Furniture is more of a short term rental requirement, unless you've included essential appliances with your categorization.
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Re:Ask HN: What was your best passive income in 2016? by tove on Sunday December 11, 2016 @10:17AM (#13151376)
Germany (Frankfurt). I didn't provide the appliances, except for fridge and electric oven+stove (because I managed to get a discount on buying three sets of these appliances through a friend). Sorry, also the kitchens were furnished by me. The rentals were made long term.
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Re:Ask HN: What was your best passive income in 2016? by ninjaroar on Sunday December 11, 2016 @03:01PM (#13152844)
That is true in the US, even in NYC. However, furnished apartments are the norm in London, for long rentals.
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Re:Ask HN: What was your best passive income in 2016? by sean_patel on Sunday December 11, 2016 @03:07PM (#13152878)
> My passive income is quite standard. Three apartments in a new block. I bought all of them four years ago when the construction was still unfinished.

Trust fund baby?

You make it sound easy. How much cash did you have to front for the down payment total? I know that for Investment properties, Lenders require a minimum of 25% - 35% cash down (so they can hedge their risks against you dumping a badly performing investment property.)

The barriers to entry in Real Estate investing (as rental properties) is almost always the HUGE down payment.

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