- $54,000 annual passive revenue
š From a latest articleā¦
Sam Hunt, a 61-year-old San Francisco resident⦠earns $54,000 a 12 months by renting out spare parking areas as a facet hustleā¦
Samās journey into this profitable facet hustle started a number of years in the past when he began utilizing Spacer, Americaās main parking market, to hire out three unused parking areas.
He owned 3 parking areas which he rented out for $300/month every.
Since scaled as much as 15 whole areas and earns about $54,000/12 months in passive revenue š¤
Clearly you want capital to purchase areas within the first place.
When you can pull collectively quite a lot of capital, you possibly can earn massive cash, like this man on TikTok š
This empty filth lot makes greater than a luxurious rental⦠Discovered 4.3 acres close to the interstate zoned industrial however used for nothing. Proprietor was a retired contractor who simply by no means bought round to promoting.Ā
Supplied $310,000 closed in 18 days, no brokers, no fancy advertising and marketing.Ā
Now? 60 plus truck spots at $18/day plus tools storage at $1.50 per sq. foot. $28,000 a month in passive revenue. Thereās gravel, fences, and a cost system.