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Many passive income opportunities take little effort and a minimal investment.
From real estate to banking and more,GoBankingRates brings you passive income streamsfor the average Gen Xer.
What Exactly Is a Passive Income Stream?
Passive income can be earned with little to no ongoing effort, unlike a traditional job.
A good passive income idea can turn into a self-sustaining source of income.
Below are a few passive income streams you’re free to tap into now.
A REIT is a low-risk investment owned by multiple individuals.
Examples of REIT platforms include FundRise, YieldStreet and RealtyMogul.
These higher-interest accounts earnmore than a traditional savings account.
Buyers can find great deals purchasing distressed properties in foreclosure or owned by the bank.
you’re free to also find pre-closure properties in public records.
However, many of these homes have fallen into disrepair since the owners have been struggling with mortgage payments.
A distressed property can be a wise investment while helping owners get out of debt.
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