Real Estate rental income can be a big part of your overall yearly income and retirement. Just think in 15-20 years, having a 4 unit investment property paid off and providing you with over $4,000 a month in rental income. Image having 40 units brings in $40,000 a month in total revenue.
Flipping 1 or 10 homes a year can be a very lucrative business for you. I have averaged $22,100 per property flipped over the past 15+ years. If you do the math on flipping 5 to 10 of them each year, this could set you on your way to financial independence.
I have been in real estate sales since 2003, with well over $100,000,000 million in sales. In my best year as an agent, I was selling over one property per week. I feel this is an excellent way to get involved in real estate and know your local market. I am now a licensed real estate broker and owner of multiple real estate offices.
Owning several businesses can provide you an income from multiple streams. Understanding how to build a company and running various companies and locations can be lucrative but also challenging.
I am not a prominent stock owner; the stocks that I do own must be dividend-paying stocks paying monthly and quarterly dividends. These types of stocks pay you a monthly or quarterly payment and can grow your portfolio over time with minimal effort.