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Real estate investing can seem overwhelming, especially if you’re a first-time investor. However, for many, it’s so lucrative, the payoff far outweighs the frustrations that often accompany the learning curve.

Today we’re going to wrap up our series on passive income by giving you the lowdown on passive income with regards to real estate investments.

 

First, let’s talk about the tax benefits that can be enjoyed by those who invest in rental properties:

Interest: You can deduct all interest on mortgage payments or loan payments when you secure loans to improve your property. Depreciation: You can’t deduct the full cost of the property in the first year you own it; however, you can deduct depreciation on the… Read more →

This month we’re talking about passive income. If you missed our earlier post, check it out to learn 7 reasons you need passive income.

This week, we’re going to share 10 ways to generate passive income:

Investments – Wise investments can provide passive income for years to come. It can be challenging to know where to start, so if you want to go this route, contact us today for a referral to a financial advisor who can help you decide where your money is best invested. Create an e-book – Choose a topic you already know a lot about, write a book and publish it as an e-book through Amazon (or just sell it as a downloadable PDF on your… Read more →

Are you tired of the daily, weekly, monthly struggle to make ends meet? You love what you do, right? But sometimes it’s just so… hard. It could be time to consider a new form of revenue: passive income. If you’re a business owner, chances are, you’ve heard the term. But do you know what it is or how it could benefit you? Well, this month we’re going to give you all the info you need before jumping in and creating passive income for your business.

Today we’re going to start with the basics. Passive income is defined by the IRS as “net rental income and income from a business in which the taxpayer does not materially participate.” Essentially, it is … Read more →

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