What are some ways to generate passive income if you don’t have a lot of money?
Become a bird dog. What’s that? A “bird dog” is an individual that works with an investor by trying to find leads to pass along to that investor. If the investor makes a purchase with the lead provided, then the bird dog receives a payment from the investor in whatever amount they agreed upon. This is a fantastic way to get started in real estate, especially with little or no money. We have a fantastic bird dog program and provide lead referral payouts. You can call, email, or fill out our short form for more information. Ryan@WeBuyHousesInPennsylvania.com or call 570-333-8050.
Why do you recommend becoming a bird dog in northeastern PA?
Because there’s no commitment from the bird dog beyond their time. They are free to work whenever, or however they want. The more leads they pass along to the investor, the greater the fee can hope to collect. It’s a great way to begin a career in real estate by communicating with others and an easy way to make some money.
Why is it important to have a passive income stream?
It’s absolutely critical if you want to work for yourself, or better yet, have your money work for you, just like the big investors. If you have no passive income, then you’re not making any money, unless you plan on working a traditional 9 to 5 job. Passive income is also excellent to have if you are still an employee at a 9-5 job and happen to lose it. The passive income you have can keep you going with some income while you look for another job. There’s countless reasons why anyone should try to establish passive income.
Is there anything else you’d like to add?
Educate yourself and do as much reading as you can. Stay focused. Always be looking for new opportunities to generate passive income. We frequently work with wholesalers from northeast PA. We are happy to discuss JV Deal opportunities. You can call or email us for more information. Ryan@WeBuyHousesInPennsylvania.com or call 570-333-8050.