Would YOU Consider Notes Investing Passive Residual Income?
Hey BP nation! I recently read Brandon Turners 14 Things Real Estate Investors Should Do Every Day and a big one was "Review Your Big Goals".
One of my big goals is to create passive income that I can collect with little hassle and owner financing homes to owner occupants is a business model that I find to be a very intriguing business acumen. It seems that with a loan servicing company it can be truly passive! I know it's definitely not as easy as it sounds, but nothing worthwhile in life comes w/o its costs!
The only problem I see is that unlike land lording, the payments one collects will eventually run out when the loan matures, and the payments do not keep up with inflation!
Would YOU classify income of this nature to be passive?
I'm 15 & I've got BIG plans, so I don't want to start off on the wrong foot.
Thanks in advance!