News for hackers. Stuff that matters.
Re:Ask HN: What is your passive income 2019? by Schweigi on Tuesday October 29, 2019 @02:18PM (#21390394)
Currently i have mainly two different passive income streams. A side project and multifamily property investments.

My side project (https://www.teamcalapp.com) returns around $2500/month and growing. I think the main improvement to be done is doing more marketing, which is unfortunately not so passive.

Im also investing in apartment complexes. Right now i have 4 passive investments. Since I’m only a passive LLC member that income is truly passive. Those investment deliver nice regular cashflow (8-10%) and appreciation once sold. Right now I’m in the process of buying my own property together with friends (50-80units). That will then be a bit more work but still partially passive once all is setup with the property management company.

Re:Ask HN: What is your passive income 2019? by deanmoriarty on Tuesday October 29, 2019 @02:39PM (#21390610)
Would you be willing to share the name of the sponsors you invest with in the LLC? I am interested in doing the exact same and am an accredited investor, but I don't want to invest in the fundrise.com of the day, what they offer seem very "bottom of the barrell".

I would rather find some sponsor who would like accept a more limited number of accredited investors with whom to build a long-lasting relationship (ideally for decades and many deals), and in exchange I would be happy to invest larger sums of money (e.g. 50-100k per deal?).

I am asking because, if you are contemplating buying your own apartment complex, you definitely know what you're talking about and might be able to give me some very valuable advice :-)

Re:Ask HN: What is your passive income 2019? by Schweigi on Tuesday October 29, 2019 @02:54PM (#21390745)
Sure! Send me an email, address is in my bio.

The sponsor/operator is definitely the most important thing. I would argue even more important than the property itself. Thats also why I don’t like to invest in REITs as its not clear who manages those.

Re:Ask HN: What is your passive income 2019? by wait-a-minute on Tuesday October 29, 2019 @02:38PM (#21390593)
Silly question, but how will your product survive if Google decides to just implement that type of view on the calendar?
Re:Ask HN: What is your passive income 2019? by snisarenko on Tuesday October 29, 2019 @03:22PM (#21391050)
Google has neglected their calendar product for almost a decade. I wouldn't be too concerned.
Re:Ask HN: What is your passive income 2019? by Schweigi on Tuesday October 29, 2019 @02:45PM (#21390674)
Good question! The lack of this feature was why I made TeamCal because Microsoft has it already a long time in Outlook. It doesn’t seem that Google invests a lot in Google Calendar improvements, especially for B2B use cases. Thats why I’m not overly worried.