Property Investment - Excellent Source Of Passive Income

Today you are contentedly employed. Well, imagine tomorrow you attend work as usual and your boss lets you know that your services are no longer necessary?

This is very much a reality these days. There are people arrive for work as usual only to find that they are not allowed to enter the building. The severance pay that they get will not be enough to survive on, unless they have been working there for a long time.

In this situation, their only other solution would be to find employment right away, unless of course they have got another income source to fall back on.

The wise people know that these days, a single source of income is never going to be enough. But instead of working two jobs, they have prefer an even smarter solution - PASSIVE INCOME.

Passive income is basically revenue that you don't have to work very hard to create. You put it in place once and it works for you for however long you wish it to.

The easiest source of passive income is the interest you get from the bank. However this is nothing compared to other sources of passive income in existence. And there are many.

Property investment is one of the most dependable and offers the most lucrative earnings. If you buy the right property, you may get a continuous stream of income from the rental. Throughout the loan period to purchase the property, your rental earnings may even cover the cost of your loan. Once your loan has been paid off, the rental earnings you continue to collect is totally extra income every month.

Now, imagine if you do this with not just one but perhaps five other properties.

And remember, property prices increases each year. They will not go up instantly, but in 10 years time, you could safely say that the prices could possibly have more or less doubled. Then you can sell it off for a nice profit.

Yet another way that properties can present you with instant cash is if you were to refinance it. Assuming that you are still receiving rental earnings for the property, you can then make use of the rental to pay for the loan. And you may do this again and again for that property. Experienced property investors refinance their investment properties repeatedly through the years to get an instant burst of cash flow while letting the rental earnings obtained pay for the loan.

Lastly, the investment properties that you purchase will be there for some time, possibly even through your entire lifetime. Imagine if you can leave this legacy to your children that they may leverage on to get income.

At the end of the day, investing in property is really a long term plan. They may not be as liquid as say, shares, but they are definitely less volatile.

Isn't that a better source of passive revenue compared to keeping your money in the bank?

Milan Doshi holds regular talks on the topic of investing in property. If you want to what to invest in property, then come to his Property Intensive seminar organized by Wealth Mastery Academy that has helped opened the minds of many to the opportunities available in property investment.