Go for the Cash Cows

Rental property is a great source of passive income as long as you can be patient. This type of properties are commonly known as cash cows and usually fits property investors with a yield strategy. In the March 2015 Issue of Money Magazine, Bryce Holdaway was asked to explain further about this investment strategy. Here’s a snippet of the article:

“A great way to build passive income for life is through a residential property portfolio, one based on the relatively secure and stable base of bricks and mortar. An investor who makes the effort to learn how to optimally grow their capital base while not “risking the farm” – that is, by taking a conservative approach – can enjoy the fruit of their labour in a rather simple and straightforward way.

However, caution is needed. While it is relatively simple to do, it’s certainly not easy, as you’ll need to self-access whether you have two key personal characteristics necessary to build the passive income of $25,000: …”

Click on the article to continue reading.