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Should Real Estate Be Considered A Passive Income In 2022
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[QUOTE="Mika, post: 238729, member: 29399"] Real Estate is a passive income, probably, the best passive income source. You earn from real estate in two ways, one, you invest in properties, hold the properties for a few years and sell for higher profits, two, you invest in properties, rent out your properties, and you earn rental income. The second method can be considered a better strategy because you are able to compound your profits, first, you earn rental income which you can use to pay back the loan in case you bought the property with a bank loan, two, when you are collecting rental income your property price will also continuously increase and if you decide to sell your property, you will earn profits. The best thing about real estate investment is you can invest and sleep relaxed and then one day wake up and sell back your property to earn profits. You make money when you are sleeping. However, the major drawback of making passive income from real estate investment is the amount of money you need to invest in the real estate property. You need a lot of money, not just one thousand or two thousand dollars, but hundreds of thousand dollars. This is not for people who do not have money. [/QUOTE]
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