How to Generate Passive Income through Real Estate Investing
Real estate investing is one of the best investment opportunities out there for generating passive income. Passive income is money that keeps coming in month after month on work done once in the past. When you go to work on your job, you get paid for the time spent doing your job. So, basically, you're trading your time for money.
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Passive income, on the other hand, is an income that comes in based on what you set up in the past paying you on a recurring basis without further continued effort.
It has been said that more millionaires have either made or kept their fortune through real estate. By investing in real estate you buy an asset that is insurable, appreciable which makes it serve as a hedge against inflation, marketable because everyone needs a place to live, plus many other advantages including generating passive income.
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If you are in the Wichita Falls market, join us at the Texoma Real Estate Investors' Association (TREIA) meeting. We're meeting monthly on the 3rd Tuesday at 6:30 pm. We're co-sponsored by the Small Business Development Center which is providing the room at Midwestern State University (MSU) Dillard School of Business Administration building, Rm 133.
To keep up with the discussion and meeting announcements, join our Facebook Group. We also post meeting announcements on MeetUp.com.
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