Are you tired of dealing with Red Days on the stock market and losses? If so, why not diversify your portfolio and start investing in other passive income opportunities?
The stock market has had one heck of a ride for the last 10 years but with the end of President Trumps administration potentially coming up, and economic changes ahead, it makes sense for every investor to grow their investment portfolios by following these tips.
Invest In An Existing Business For Passive Income Opportunities
One of the best ways to make your money work for you in 2020 is to invest in an existing business that may be currently for sale in your own town or in another city across the United States.
Investing in an existing business is a smart thing to do because, everything is already set up, all you have to do is hire employees and go to work. Just make sure that the business you invest in doesn’t require you to spend more than a couple of hours per month working on it because, you don’t want to invest in a business only to have that turn into second or third job for you.
Invest In An Internet Based Business
Another excellent way to create passive income opportunities is to invest in an internet-based business.
The great thing about investing in an internet-based business is that there are a wide variety of opportunities available for you to invest in including creating your own digital products like e-books, online courses, membership websites or a blog.
With an internet-based business, once you have your product or system online, there are a wide variety of income streams like Adsense and affiliate products that you can plug into that business to start earning passive income on a monthly basis.
Real Estate Investing
Crowdfunding – The first thing that I encourage every investor to Consider investing in during 2020 is real estate. Why? For the last 20 years, real estate has continued to be an investment that has generated consistent returns, especially as the United States has become a nation of renters.
If you want to get started with real estate investing but you don’t want to have the hassle of having to manage rental properties, the easy way to get started is to invest in rental properties via crowdfunding.
Even though crowdfunding has gained a lot of publicity in recent years, the reality is that this method of real estate investing is one of the oldest and most time-tested methods out there because people have been pulling their money to invest in real estate for generations.
Thanks to the Internet, it’s easier than ever before to invest in real estate through crowdfunding, especially if you utilize websites like Fundrise or DiversifyFund.
Real Estate Investment Trust – Another excellent way to get started with real estate investing without having to hold properties, or manage them yourself, it’s to invest in real estate through a Real Estate Investment Trust (REIT).
With a Real Estate Investment Trust, it’s going to function much the same way as a dividend stock because with a REIT, you’ll be paid a dividend on a quarterly or annual basis.
Before investing in a real estate investment trust, it’s always best to do your due diligence and thoroughly research the REIT to verify that it has a strong management team with tons of experience.
You should also invest in a real estate investment trust that has great properties with excellent tenants.
If you didn’t want to spend your time researching a REIT yourself, you may want to consider investing in a mutual fund or possibly an ETF that also invests in real estate investment trusts.
Self-Storage – Did you know that roughly one in 11 Americans is currently renting a self-storage space? Most people are not aware of this fact but, if you drive through any small town across the United States, you’ll see that the average town of 100,000 or more has at least one self-storage facility.
With Self Storage, the average facility charges about $50 per month so if you invest in a storage facility that has 100 units, you could easily be earning up to $5,000 per month in passive income opportunities from one storage facility.
If your goal is to invest in a self-storage facility, you should invest in a property that has at least one acre of land because, having additional land besides your storage facility will enable you to expand and add more storage units or rent out the land to people who need places to park their boats or RV’s.
Mobile Home Parks – Thanks to recent data by the US Census Bureau, we know that 1 in 6 homes in the United States has been listed as being a mobile home. This shows us that mobile home parks are on the rise and it’s easy to see why because with a mobile home, the average renter has the convenience and flexibility of being able to live in a house while also knowing that the water, sewer, trash and landscaping is being managed by the owner of the mobile home.
Although mobile homes are not considered to be a ‘sexy’ investment, the reality is that it’s something that every investor should seriously consider because, if you invest in a 15 unit Mobile Home Park where the average rent is $500 per month, you could be easily earning $7,500 per month (or more) in income from that mobile home park on a monthly basis.
Multifamily Rentals – Another excellent way to earn passive income opportunities in 2020 is from multi-family rental properties like apartment buildings, condos, Townhomes, duplexes, triplexes and fourplexes.
My preferred method for investing in multifamily rentals is apartment buildings because the more units that are Under One Roof means more income for our company and our investors.
As I mentioned in my previous blog posts, the key to success with investing in apartment buildings is to find apartment buildings that are located in up-and-coming areas. This means that the area is on the rise economically, has a low crime rate, excellent school districts and plenty of things to do.
Contact Trier Capital
Trier Capital is a private equity firm that makes it easy for you to passively invest in lucrative apartment building syndications.
With our simple step-by-step process, we make it possible for you to accelerate your wealth creation, by investing in multifamily, so you can live a magnificent life on your own terms.
To learn more about the benefits of investing in multifamily properties, or to speak with me personally about getting started with Trier Capital, contact me today by calling (630) 229-2383 or click here.