How did you build your passive income?

How did you build your passive income?

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bought a few apartments to rent out.

Bamp for interest

Is that a lot of work beforehand? Did you pay anyone for maintenance, or do you do that yourself?

Would love to do somethibg like that in the future, but am disabled, so not sure if its possible on my own.

I bought 10 XSN masternodes

I hired good looking women in foreign countries and set them up with professional OnlyFans accounts. I pay them more than they would have ever made in their home countries, while pocketing the rest, anywhere between $300,000 to $500,000 per month, sometimes more

Unironically

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Made $1MM tax free over 5 years as a professional online poker player. Invested 85%+ of my income during those years. My holdings are
> 7% crypto
> 83% stocks
> 10% cash
Thinking about selling some stocks for 1-2 cheap rentals for tax reasons. Now I'm semi-retired from poker and in college.

Based. Do you manage the sites and posting content? How does that work?

How much time passes until they realize that they don't need you?

twitter.com/OfWudan?s=20
My website is on my profile if you want to find out the details.

Damn I was thinking of doing that when Onlyfans first took off but I was worried about the legality of it.

he's obviously larping, brainlets
he even linked you to another guy's twitter profile to make it even more obvious

Yup, the website he linked was some faggot

This is why you will remain poor

I'm rich though. And not larping unlike you.

How the fuck am I Larping didn’t say shit about myself. Your autism levels are through the roof

I think you need your eyes checked

LARP

Unless you spend 60% of your earnings on property management, rental agencies, contractors, accountants and lawyers the rental biz is nowhere near passive. It's less work compared to wage-slaving for sure, but I wouldn't call it passive by a long shot. There are good months where I spend maybe an hour on paperwork per appartment and there are bad months where shit hits the fan and it's almost like a full-time job.

Considering how small the returns are (1-3% where I live in Europe), how big the initial investment and how much work it is (especially in the first years where you do everything for the first time), I'm having a hard time recommending it to anyone. Definitely not as a source of passive income, unless you hire people to do everything for you (which will tank your returns even more - and at that point you'll find much more lucrative investments for your money to be honest).

rental expenses, defer or claim for taxes and running costs

youre running a business here

HEX

The best way to invest is to hire those people, and make your profit 30 years down the line when you sell. Here in America we just 1031 exchange for generations instead of paying the tax when selling, though.

Good boy

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make sure to bounce it all offshore as well.
fuck biden and hilary when she snakes him

rolling for 1s

Real estate or dividend stocks

>FUUUUUU

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In some countries outside burgerland you don't even pay tax when you sell your properties.
In my country you just have to have "lived" in a property (read: change your address to said property) for 1-2 weeks to not pay tax on gains.
> 1-3%
I doubt it's THAT low. I live in a big wealthy European city. It's around 3% after property taxes here. It's like stocks: properties with low CAP rates are expected to appreciate more in value.
If you know what you're doing you can somewhat easily get an expected long term return of 5% in Europe after expenses. That's pretty good when you consider the fact that we have negative rates and very low expected inflation. You might not think 5% is a lot, but you won't get a much higher return by investing in stocks with the same amount of systemic risk. And on top of that there are tax advantages to investing in real estate in some countries.

aaaaahhhhh

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This is indeed where the profit is hiding (appreciation is priced in), but getting a lump sum profit at the end of 30 years isn't really passive income either.

Yes, the key question is whether you take asset appreciation into account. I don't, since I'm a landlord. I will never sell since renting is my business. And I don't think most people think of appreciation when they suggest rental properties qualify as passive income. Unrealized gains are not income.

I live in a similar city (captial in Western Europe) and if I buy a second-hand appartment as a rental property I'm looking at amortization in 35-45 years. And that's paying in cash, not accounting for interest on debt. If you do a large rennovation (since the appartment is run down and has electrical installations from the 70s) you're approaching 1% annual return. Since ~2005 the market has gone *crazy*. Prices soared while rent stayed close to the same (partly due to strict rent control laws). Yes, I get 3-5% annual appreciation leading to 4-8% profit on paper, but the actual returns I'm seeing are closer to 2%.

I have a dream of buying a large warehouse and renting out cam rooms to cam girls who don't have funds to start their ethot career

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>who don't have funds to start their ethot career

That would never work. A completely broke girl is one fuck session away of earning enough to start an ethot career.

TEST