In today’s PPhREI roundup, we learn about 5 things to consider when buying a new build, if passive income is really possible, and how much you can make by selling your testicle!
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Carpe Diem MD
In hot real estate markets, all existing housing stock may get snatched up immediately by 10 bids, all over asking. In this situation, one option could be to contract with a builder and commit to buying a “new build” before the house is built. This is fairly common in the hottest short term rental markets like the Smokies in Tennessee or in the hot Florida markets.
But what things should you consider before going this route? Ian Cook gives us 5 things to consider:
- How will you finance your build?
- What is the opportunity cost?
- How will your furnish the new build?
- What is the reputation of your builder?
- What happens if it doesn’t go according to plan?
Read the original post on Carpe Diem MD: 5 things to consider when purchasing a Short-Term Rental new build
The Darwinian Doctor
After 5 years of an attending level surgeon salary and a portfolio of 25 units, I’m in a position where I have a consistent amount of capital to deploy into real estate investing at any given moment. But I appreciate that when you’re first starting out, getting enough money for a downpayment is tough. So I started a series to explore ways to increase your income via side gigs.
This first one debunks one commonly searched side gig option: organ donation. Specifically, it’s about testicle donation. As a urologic surgeon, I felt a duty to write about this. Enjoy!
Read the post on the Darwinian Doctor blog: How much do you get paid to donate a testicle? | Side Gig Series
The Prudent Plastic Surgeon
Last but not least, Jordan Frey answers the question: Is passive income really achievable?
He first clarifies that when most people say “passive income,” they really are talking about “leveraged income.” It’s about using leverage from your initial effort and research, or perhaps leverage from the bank or other’s people’s compensated effort. I think this is a very accurate way of portraying passive income.
Read the post on the Prudent Plastic Surgeon for more analysis: Can You Actually Achieve Real Passive Income?
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