15 Passive Income Ideas to Build Wealth
1. Real Estate
A proven passive income idea to build wealth that just works is investing in real estate. Between the record-low interest rates for loans that are out there today and the relatively discounted rates on real estate, investors can find good investment opportunities throughout the country without a significant amount of effort. Combined with the ability to rent out the property, the right real estate investment affords the opportunity to make money on both the monthly rent as well as property value appreciation. When it’s time to cash in one’s investment, knowing the tax laws helps avoid having to pay out a significant portion of the profits in cash if the monies are shielded appropriately before being reinvested in a qualifying property following the original sale.
