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I dedicate some burner phones and browser tabs on my computer to passive video ad viewing services where one is paid gift cards for letting videos play over time. I then sell the gift cards and transfer the money to my brokerage account to buy ETFs. Snowball effect.
Location: Formerly Pleasanton Ca, now in Marietta Ga
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Quote:
Originally Posted by ericp501
We've been researching rental property for a little over a year now and hope to get into it in 2017, from everything I've researched it does seem to be one of, if not the best way, to retire early. How many properties do each of you own that you were able to retire early?
Currently 16 homes plus 5 more in my Ira. I can't collect any funds from the Ira homes for 3 more years, but the 16 support me pretty well.
We are shareholders in a REIT that started up four years ago. Our passive revenue in dividends started out small but is now in the mid five figures annually.
I dedicate some burner phones and browser tabs on my computer to passive video ad viewing services where one is paid gift cards for letting videos play over time. I then sell the gift cards and transfer the money to my brokerage account to buy ETFs. Snowball effect.
Sounds interesting and would appreciate it if you could provide more info and links if possible.
Thanks !
Sounds interesting and would appreciate it if you could provide more info and links if possible.
Thanks !
Perk TV, Perk Pop Quiz, Perk TV Live, Perk Word Search, Checkpoints, Rewardable TV, Swagbucks apps, and some others. On PC: Perk.tv, viggle.tv, Engageme.tv, earnhoney
It's been a race to the bottom for the apps lately, so I can't recommend going out and buying devices as of now. Maybe it will get better.
We are shareholders in a REIT that started up four years ago. Our passive revenue in dividends started out small but is now in the mid five figures annually.
Can you please teach me how to do this? How much money do you need to invest to invest in REITs in order to make 5 figures in 4 years? A whole lot right?
Can you please teach me how to do this? How much money do you need to invest to invest in REITs in order to make 5 figures in 4 years? A whole lot right?
In our case, yes. But that's because we were in on the ground floor, largely due to the fact that my wife was a financial officer in the company starting it. We had some buy-in as well as some sweat equity.
That being said, there are plenty of publicly-traded REITs out there where you can invest. But you really need to understand the real estate market before you get into it (Actually pretty good advice for any investment. Don't put your money into a business you don't understand). For example, I would hesitate before putting any money into REITs that specialize in multifamily or retail. Retail is undergoing a shakeout due to the collapse of larger chains such as Sears, etc. Meanwhile, multifamily has been completely overbuilt in many markets. So while multifamily might be a good long-term buy, short term will be problematic.
I trade stocks (i dont day trade). some would say its non passive but i only spend few minutes a day checking on my stocks. I average about 75-100k per year.
I am pretty sure the IRS does not consider that 'non-passive'.
Therefore you do not get the non-passive benefits from it.
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