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5 Ways To Make $50K a Year in Passive Income
Yahoo Financeยท 2025-09-13 20:14
Group 1 - The article emphasizes that passive income is preferable to side hustles as it requires less effort and can generate significant cash flow [1] - It highlights that while many passive income options exist, most do not yield substantial earnings for the average person [1][2] - To achieve meaningful passive income, such as $50,000 annually, a significant upfront investment is often necessary [2] Group 2 - Investing in rental properties is presented as a highly sought-after method for generating passive income, though it involves various responsibilities [4] - Doorvest is introduced as a service that simplifies the rental property investment process by managing property acquisition, renovation, and tenant placement [4] - The average rental home through Doorvest costs $225,000 with a down payment of $45,000, and potential earnings depend on property value and rental income [5] Group 3 - Doorvest charges a 10% monthly property management fee based on gross rent, with no fee during vacancy, aligning their interests with investors [6] - A premium property management plan is available at approximately 23%, offering additional benefits like rent guarantees and maintenance credits [6]