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Recent content by J.K.

  1. J.K.

    A plan of how to get to a passive income of 4k/mo in 11 years. Hard but doable.

    I've also thought about parking lots but there are a couple of problems with them: 1. Most of the places are taken 2. I need to hire 4 guys working 2/2 on 12 hour shifts to guard the parking lot. Where I live a parking space in a parking lot costs 60-80 bucks/mo, and the salary of a security...
  2. J.K.

    A plan of how to get to a passive income of 4k/mo in 11 years. Hard but doable.

    This is a great idea. I am not sure I will be able to sustain 3 mortgages on my salary though, I am not sure if the rental income added, will be added to my total monthly income when they consider it in the bank.
  3. J.K.

    A plan of how to get to a passive income of 4k/mo in 11 years. Hard but doable.

    Buying property, fixing it up and selling it at a property is also one of the ideas I'm considering. It is just a much more popular one, so I didn't think it was necessary to create a topic for it, asking for opinions. I've ordered a book on that because I don't have experience, but it sounds...
  4. J.K.

    A plan of how to get to a passive income of 4k/mo in 11 years. Hard but doable.

    Guys, I am so sorry - I made a typing mistake. There is a yearly property tax on real estate here, which is a one time payment of 50-100 bucks per year. So yes, it is negligible.
  5. J.K.

    How do I go about buying a transferrable freelancer profile with great reputation

    SIDE HUSTLE 
    Hi, I meant a website where businesses sell their services the same way freelancers do, so that buying an account wouldn't be so weird. Not a website where businesses are sold (although I have a question in this regard too but this will be another thread)
  6. J.K.

    A plan of how to get to a passive income of 4k/mo in 11 years. Hard but doable.

    Here's some related reading, these guys have replaced lots of appliances and paid for some damage, but they are happy after all. What I Wish I Knew Before Buying Rental Property - The Simple Dollar
  7. J.K.

    A plan of how to get to a passive income of 4k/mo in 11 years. Hard but doable.

    Hmm, true. I also read about tenants who leave and break everything before they do... Maybe it will take more than 11 years.. or in 11 years the monthly income will be a lot less, you are absolutely right. I had a similar idea for parking garages - for 60k I could buy 4-5 garages and rent them...
  8. J.K.

    A plan of how to get to a passive income of 4k/mo in 11 years. Hard but doable.

    T You are absolutely right, this is the most defensive and also most surefire way to passive income I could think of. I am currently researching many ideas - from high-risk, high-reward to low risk-low reward ones.
  9. J.K.

    A plan of how to get to a passive income of 4k/mo in 11 years. Hard but doable.

    well, where I live, the yearly tax is about 50-100 bucks so its negligible. Insurance is 13 bucks/mo so also negligible. Utilities are typically paid by the renters. However, renters often leave without paying so that's a problem, indeed. Could turn out to be a lot of hassle, especially when...
  10. J.K.

    How do I go about buying a transferrable freelancer profile with great reputation

    SIDE HUSTLE 
    hmm, do you happen to know a website where companies sell their services the same way as freelancers do? this would defo be better
  11. J.K.

    A plan of how to get to a passive income of 4k/mo in 11 years. Hard but doable.

    I came up with this extremely conservative and very long-term idea of how to retire at age 41, constituting my current income by almost passive income of the same size. If I save up 3k/mo, in 20 months I will be able to buy a 2-room apartment in my city for 60k I can rent that for at least 400...
  12. J.K.

    How do I go about buying a transferrable freelancer profile with great reputation

    SIDE HUSTLE 
    btw how do I get an "Ive read UNSCRIPTED" label
  13. J.K.

    How do I go about buying a transferrable freelancer profile with great reputation

    SIDE HUSTLE 
    I know about MJ's teachings on not taking shortcuts and I respect and I agree with the notion, however I don't look at this as taking a shortcut for three reasons: 1. I am working hard to pay for the potential purchase, and I am willing to pay fair price 2. If the gig pays $5 and I pay $1000 for...
  14. J.K.

    How do I go about buying a transferrable freelancer profile with great reputation

    SIDE HUSTLE 
    If, for instance, a freelancer that is doing something easily reproducible by another person, like writing articles or translations, is already tired of doing that and would be interested in selling their profile (one with hundreds of completed orders and great reputation that ideally pulls new...
  15. J.K.

    Dont be this guy, my friends

    MINDSET 
    Could've at least added a net to catch the ball when it falls off the table, so you don't have to disrupt the gameflow by chasing the ball around on the kitchen floor.
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