Designers residual income

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  • randommail0

    Other sources of income?

    I devoted myself to my creative career for the past 12 years. As soon as I started seeing steady profits I bought real estate. 2 properties. One for me and one to rent. I see about $1000/month in "extra" income.

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    • < never failsMaaku
    • was it tough getting into that? do you have to maintain the house you're renting out yoursel?scarabin
    • I bought two rental properties this year. Got the second one 2 days ago. Both paid off. I need some renters! :DCanHasQBN
    • This is rarely passive income, often requires some maintenance and can get tricky depending on country.raf
    • I looked for updated places, to keep maintenance issues low. Both places are newly remodeled.CanHasQBN
    • you can also pay a company a small fee to take care of your rentals if you aren't able to or if you live far.CanHasQBN
    • Never fails is not accurate. It depends on the region/market. And as others mentioned there are carrying costs. Taxes, water, services, repair/upkeep. Do your research first.Josev
    • water, services, repair/upkeep. Do your research first.Josev
    • HOA takes care of most major repairs (roof, a/c, pipes, landscape, even blanket insurance).CanHasQBN
    • Condos. The maintenance is the unit interior, so VERY minimal. I haven't needed to repair anything in the past 4 years.randommail
    • ... in the past 4 years.
      Renting a house would probably be too much for me.      randommail
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