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How to Create Passive Income Through Real Estate Investment
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[QUOTE="arunima25, post: 284262, member: 30475"] Investment in real estate is a wise thing to do if you want to generate some passive income later. One just needs to go with a thoughtful well researched way before buying the property...the location, price, litigation etc are some factors that one has to research and find out well before buying the property. If you land up in a wrong kind of property, your money is doomed. So, invest your time in look out for a right kind of property that would yield you passive income later. And definitely you need to have money to buy it, be it your savings or loans. After the initial investment of money to buy the property and time to get a good property and good people to rent it, the income later does not need much effort. So, it's actually passive income in right sense. You might need to invest a bit from time to time to maintain the property. Also, a bit of effort might go to find a suitable tenant if your earlier one leaves. Finding a good tenant who will pay rent in time might be challenging Make sure to have a good rental agreement so that the property is not abused. [/QUOTE]
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