Take the Easy Path to Real Estate Passive Income by Investing $1,000 in This Dividend Stock
Owning rental properties can put you on the path to financial prosperity. They can generate a growing stream of passive income that could eventually surpass your expenses.
However, rental properties have their pitfalls. They often require a large upfront investment in the form of a down payment and any repairs or renovations to make a property ready to rent. Meanwhile, the income they produce isn't always passive, nor is it predictable. Unexpected maintenance issues or tenant vacancies can quickly turn an income-generating property into a money pit that can take a lot of work to turn around.
An easier way to generate passive income from real estate is to invest in real estate investment trusts (REITs). An ideal REIT for beginners who want to generate passive income from rental properties without the hassle is Invitation Homes (NYSE: INVH). A $1,000 investment or less can generate a truly passive and steady stream of dividend income.
Source Fool.com
