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Old 10-16-2014, 04:56 PM
 
Location: Denver CO
23,030 posts, read 14,233,353 times
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Check to see if you have https://www.taskrabbit.com/ in your area. You can sign up, list the types of jobs you are interested in doing and the times you are available.
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Old 10-16-2014, 04:59 PM
 
10,011 posts, read 17,122,323 times
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Quote:
Originally Posted by oregonwoodsmoke View Post
Weekends only and little start-up, you are talking about some sort of service industry. Rent-a-husband (handyman), gardener, weekend nanny, pet sitting, relief elder care, yard waste hauling, or free metal pick-up.


^^^^^

How about all of the above?
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Old 10-16-2014, 05:00 PM
 
10,011 posts, read 17,122,323 times
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Have you considered being a locksmith? I don't know what's involved in getting licensed, startup costs, etc, but seems locksmiths are always in demand.
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Old 10-16-2014, 05:03 PM
 
10,011 posts, read 17,122,323 times
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Substitute teaching? I used to do that, it paid ~ $30--$50/day, just depends. Usually it requires a college degree, at least a bachelor's, and I took a community college course in substitute teaching that helped get me started.

Or, teaching at a community college. My dh is looking at a teaching certificate so he can teach at a community college when he retires.
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Old 10-16-2014, 05:05 PM
 
Location: In my skin
9,227 posts, read 15,032,369 times
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Dog walking, pet sitting, house cleaning, organizing (for clutter bugs).
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Old 10-16-2014, 05:05 PM
 
10,011 posts, read 17,122,323 times
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How about being a uhaul driver? I've read that people hire drivers to drive their uhauls if they're not too sure about doing it themselves. You might need a CDL, just another suggestion.
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Old 10-16-2014, 07:09 PM
 
795 posts, read 1,108,724 times
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Quote:
Originally Posted by doodlemagic View Post
I think alot of people want a passive income. THey see these tv shows like buy a house hire a couple people and flip it a week later for 50k profit. Things aren't that easy, truly passive incomes are rare, its hard to find a legit business that requires little startup.

After having tried a number ofthings I'm thinkin real estate is good but as a landlord not a flipper. You can get killed flipping if a place doesn't sell and your paying mortgage, taxes, etc there goes all your profit. Renting rents are high, if you buy in an area iwth demand you'll always have renters with little downtime and they are building equity for you as well as putting some money in your pocket every month. I know houses aren't cheap but if you buy FHA 3% down so not a ton out of pcoket. Once you aqcuire a few properties use the equity in one which was paid by someone else to buy another.
None of what I reading in this thread is what I call passive income.

Passive to me is nothing having to do anything. For example, I purchased several domains over 10 years ago and put some ads on them. Have not touched many of them since but I receive a check every month from some domain company. I know, I'm getting ripped -- they might get $2 and give me 75 cents, but whatever. Point is that is what I call passive.

And I guess being a landlord can be passive... but not passive enough for me. I've known plenty and it really depends on the people you get in.

Not sure it is so rare... hard to do though, I'd admit.
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Old 10-16-2014, 07:28 PM
 
11,358 posts, read 46,868,099 times
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Quote:
Originally Posted by doodlemagic View Post
I think alot of people want a passive income. THey see these tv shows like buy a house hire a couple people and flip it a week later for 50k profit. Things aren't that easy, truly passive incomes are rare, its hard to find a legit business that requires little startup.

After having tried a number ofthings I'm thinkin real estate is good but as a landlord not a flipper. You can get killed flipping if a place doesn't sell and your paying mortgage, taxes, etc there goes all your profit. Renting rents are high, if you buy in an area iwth demand you'll always have renters with little downtime and they are building equity for you as well as putting some money in your pocket every month. I know houses aren't cheap but if you buy FHA 3% down so not a ton out of pcoket. Once you aqcuire a few properties use the equity in one which was paid by someone else to buy another.
You've confused primary residence mortgages with non-owner occupied mortgages for income property.

They are entirely different and the down payment and interest rates and collateral to secure a non-owner occupied mortgage is an entirely different ... and more expensive ... proposition.

Being a landlord, even in a desirable market, is not all peaches and cream. It's a job and it takes far more work than it looks like to do properly, especially if you have more than a few properties to rent and manage. It's just about the furthest thing from a passive income I can think of, and I've been in it for many decades.

In any event, the OP wanted a situation which didn't require much capital to get into doing. Rental real estate isn't it.

PassTheChocolate posted above the types of businesses which don't require much money to get started. There's lot of similar types of services which folk will pay for.
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Old 10-16-2014, 08:17 PM
 
930 posts, read 1,068,687 times
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Quote:
Originally Posted by Wartrace View Post
Dog poop cleanup service. All you would need is a portable shop vac and some advertising. A lot of people with multiple dogs would gladly pay to have the poop removed from their yard on a regular basis. There are even dog poop franchises believe it or not. I would not suggest buying a franchise but the business model would work for you.
Yeah, but that's a crappy job (lol, dumb pun intended haha).
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Old 10-16-2014, 09:19 PM
 
1,318 posts, read 2,387,420 times
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I am electrical engineer and looking for part time income as well. So I joined Dubli business side with Team Wukar.

So far, I like it. Its good learning. I rather learn to make money online since work 8-10 hours a day.
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