Originally Posted by
Gunfighter
40 Side Hustle ideas for 2021
Side Hustles from Millennial Money Man
No surprise my favorite is #37 - Rental Property
Rental property is about as exciting as watching grass grow, paint dry, concrete cure, water boil, etc you get the point. Buy income producing assets, tenants cover the costs plus cashflow, inflation wipes out the real value of the debt, while increasing cash flow relative to debt payments. You don't get the dopamine rush of trading options, futures or warrants, so if you need the excitement find a hobby. RE moves at a slow and steady pace, plus you have the federal government and central banks all working in your favor.
I've been spoiled by living in a non-coastal, linear market that works well for rental property. The links below look like good resources for my coastal friends looking for real estate investments that make sense.
INVESTING OUT OF STATE (biggerpockets.com)
Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties: Greene, David: 9780997584752: Amazon.com: Books
OK, back to ToS paper trade account for my dopamine.
Of all the real estate investors I got to know while I was in it, the most successful, by far, bought houses near colleges. He broke them up into as many rental units as he could get and had the parents sign the leases. He printed money.