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Do you want to start making passive income? One of the best ways to generate passive income is through real estate.
But do you need to be a real estate tycoon to start earning rental dollars? Of course not. There are many types of rental income, and I'll cover two today.
Rental properties require a lot of money and time upfront. You will also need to trust someone to manage your house and tenant. Or you can do it yourself, but your mileage will vary.
Renting rooms requires you to open your doors to a family member or complete stranger. However, getting past this roadblock is more lucrative in a 5-10 year timeframe.
So which of these two is better for the average person? Which one is more accessible and why? I cover them both in detail inside.
I have two rental properties and two rental rooms, so I know which one is my favorite. Can you guess?
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