Side Hustle

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05-15-2018, 07:58 AM

#11

SonicFlyer

Gets Weekends Off

Joined APC: Apr 2017

Posts: 3,593

Quote:

Originally Posted by freezingflyboy

I do the rental property thing. It's not exciting or glamorous but it is easy (most of the time) and having someone else pay for you to build equity is great. I use a managmemt company which eats into profits some but then all I have to do is cash a check each month.

I'm curious about this, do you mind sharing some numbers?

05-15-2018, 08:02 AM

#12

Bainite

Gets Weekends Off

Joined APC: Jul 2012

Position: Short Bus FO

Posts: 454

I bought a $1 lotto ticket a couple days ago.

05-15-2018, 08:14 AM

#13

bohicagain

looking for underboob

Joined APC: Aug 2007

Position: NYC 7ER LCA

Posts: 900

Quote:

Originally Posted by SonicFlyer

I'm curious about this, do you mind sharing some numbers?

I'm renting out my home I used to live in before we moved. After taxes and insurance I clear about 800 a month. Its not making me rich but in 20 years the house will be paid off.

05-15-2018, 08:15 AM

#14

IPAs

Line Holder

Joined APC: Jun 2015

Posts: 93

Years ago I heard a captain telling me about digging/ blasting for sliver in his back yard. This was in the suburbs of Boston. The motorcycle helmet for safety was also a nice touch.

05-15-2018, 09:00 AM

#15

gloopy

Gets Weekends Off

Joined APC: Jul 2010

Position: window seat

Posts: 12,522

Quote:

Originally Posted by Ray Red

MI and Oregon both have 10 cent bottle deposits.....

Thought about that, but every time I run the numbers it just doesn't quite work out.

05-15-2018, 09:05 AM

#16

poor pilot

Gets Weekends Off

Joined APC: Jan 2006

Posts: 574

Rental Property, easiest money I ever made. Buy and hold.

05-15-2018, 09:07 AM

#17

poor pilot

Gets Weekends Off

Joined APC: Jan 2006

Posts: 574

Quote:

Originally Posted by freezingflyboy

Where do you invest?

05-15-2018, 09:22 AM

#18

il0101

Line Holder

Thread Starter

Joined APC: Jul 2010

Posts: 56

Quote:

Originally Posted by SonicFlyer

It's called being diverse, multiple streams of income.

Ask anyone who has had a medical issue or lived through a furlough, diversity isn't a bad thing. Plus, there are plenty of reasons to work aside from total income: intellectual curiosity, income diversity, financial independence, etc. Most seem to get into the rental game and enjoy it. Some have gotten more creative and bought businesses or consult on the side. Ran into one dude who was a motivational speaker, it was a pretty cool story.