How to Generate $1,000 in Passive Income Each Month
Real estate has long been seen as a great way to generate passive income. The basic concept behind generating passive income from real estate is to buy a property, rent it out, and collect cash for your troubles.
The downside, though, is that like any other investment, being a landlord has risks. You have to cover the mortgage, property taxes, and insurance regardless of whether the property is rented. In addition, repairs, appliance replacement, and a lot of the maintenance items are often your responsibility even when you have tenants in the place. As a result, if you want to generate $1,000 in passive income each month from real estate investing, you need to recognize those risks and invest and operate accordingly.
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Source Fool.com
