Is passive income a reality or just a myth?

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Congratulations / Good Question!

No, it is real. Absence of evidence is not evidence of absence. The fact that you are wondering if it is real is great. You might be thinking, “wow, is it really possible such a great thing as passive income exists?” Yes, passive income does exist!

Passive income streams work well if the assets you are buying are of higher quality and pay a high enough amount to have it make sense.

Rather than small ideas, I will give you the two main ways: 1) bonds; and, 2) being a limited partner. You can purchase as much passive income as you want.

Bonds, especially corporate income bonds are great. You should stay away from government bonds. They are too low a return to be worth buying.

Ideally is actually private company bonds since the returns are a lot higher. It is important to look at companies where their bonds are backed by hard assets such as real estate or mortgages. For example, Alamo Mortgage Holdings offers a corporate income bond backed by packages of mortgages.

Another good solution is becoming a limited partner in an experienced multifamily investor’s syndicate. Become a limited partner in a multifamily real estate investors’ syndicate. The multifamily investor you want to find is buying a large apartment complex with more than 100 units. You just invest 100,000 to 1,000,000 with them as a limited partner.

You still should talk to your lawyer and tax adviser before investing.

I hope that helps and wish you good luck in your investing!