Skip Buying a Rental Property. Investing $90,000 in These Stocks Could Make You Over $7,000 in Annual Passive Income.
Several of my friends and family members own or have owned rental properties. It can be a great way to generate passive income. However, one common complaint that I've heard from them is that the income they make isn't nearly as passive as they'd like. Headaches of owning rental properties include dealing with difficult tenants and unexpected repair costs.Using an experienced property manager can help. The catch is that doing so eats into how much you make.I have another idea, though: Skip buying a rental property and instead buy high-yield, high-quality dividend stocks. Investing $90,000 in these three stocks could make you over $7,000 in annual passive income.Continue reading
Several of my friends and family members own or have owned rental properties. It can be a great way to generate passive income. However, one common complaint that I've heard from them is that the income they make isn't nearly as passive as they'd like. Headaches of owning rental properties include dealing with difficult tenants and unexpected repair costs.
Using an experienced property manager can help. The catch is that doing so eats into how much you make.
I have another idea, though: Skip buying a rental property and instead buy high-yield, high-quality dividend stocks. Investing $90,000 in these three stocks could make you over $7,000 in annual passive income.
