Ask Gerald: How Do I Earn Passive Income Using Real Estate?
Q: My wife and I are having another baby and I really need more income. How can I generate more income using real estate? Curt, Billings, Montana
A: Thanks for your question, Curt. I’m going to give you 3 ways to earn passive income using real estate?
1) Rental properties
2) Private loans
3) REITS-mention URF; REIT is a company that owns, and in most cases, operates income-producing real estate. REITs are normally required to distribute the majority of their profits every year so they are a good source of passive income.
Thanks for your question, Curt. For more real estate tips and for information on my real estate coaching program, visit performanceproperty.com. I’m Gerald Lucas and I’ll see you again soon.