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Carlos Cuervo
  • Rental Property Investor
  • Knoxville, TN
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How can a young investor get to his first passive income?

Carlos Cuervo
  • Rental Property Investor
  • Knoxville, TN
Posted

How can a young investor with low income make an investment that can become into a passive income?

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Nick C.
  • Investor
  • Tampa, FL
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Nick C.
  • Investor
  • Tampa, FL
Replied

House hacking could be an option, but it's is not passive. You need to find the deal, go through the financing process, find/screen roommates, deal with house/tenant issues, etc. 

If you want truly passive income you will need money to invest. Without money you should be focusing on how to make money, so then in the future you can invest for passive income. It sounds like you're trying to skip the biggest step (making money), and I don't blame you, it's the most difficult part of the equation. But if you don't win the lottery, inherit millions, or have a professional sports career you're going to have to do some grinding like the rest of us. 

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