Real estate is a great resource for creating passive income. It’s not an investment, but it does produce some income and is usually a very stable source of income. This blog aims to teach you the tricks to creating passive income in the real estate industry. How much passive income can you expect from a rental property? Well, the answer depends on whether you own the property or are a tenant. According to a Harvard University study published in the Journal of Economic Perspectives entitled “Rental Income, Capitalization Rates and the Rich-Poor Wage Gap,” renting a two-bedroom apartment in the United States provides a minimum income equal to the federal…

If you’re thinking about becoming a real estate developer, you’ll need to know how hard it is-and how long it will take you to make it happen. Most consumers don’t really think about the realities of becoming a real estate developer. The truth is, you’re probably going to need a college degree, significant experience, and a ton of money before you can make it happen. You need to know how long it will take and what types of education and experience you’ll need. Becoming a real estate developer is no easy task. Having the requisite skills can be a challenge in and of itself. Additionally, a host of business skills…

As the housing market grows, more and more people are finding themselves faced with a decision about selling their homes. It can be stressful for anyone, but it’s important to know when to sell and when to hold off. The best time to sell your home is when you buy it, i.e., wait until you have found your ideal home unless you are moving. If you move before you find the house that you want to buy, you could unintentionally find yourself in a worse situation than you were in previously. What is the Best Time to Sell Your Home? When it comes to buying, selling, and buying again, timing…