Could you force passive income?

[Bradley Pietrzak]

so if you were amazing at saving and absolutly sucked at finding deals. I mean like hopless god forbid anyone is and prey for the ones that are. Could you just get regular homes not fixer uppers at regular prices and put a downpayment big enough on them if your goal was only passive income and not roi. You just want to be able to retire eventually with income. Is this somthing that could be done? I know from a investment perspective its dumb but i still want to ask anyways. How practical would this be for passive?

[John D.]

You can definitely find regular homes, that don't require much work, on the MLS, and generate serious passive income. Although I would argue these are in fact "deals" as they cashflow really well. In most cases you will be converting uses in some manner however, or you will be finding properties others have overlooked with a valuable asset no one else noticed.

     You might take a huge house with 8 bedrooms, and rent it by the room (instead of the whole house individually) and more then double the rents.

You might find a house that actually has a second rentable unit that was not described in the MLS description that everyone else overlooked.

     You might find a house with a large lot that you can split, and sell half of the lot for much of what you paid, and then rent the houuse.

     It's not always about buying it cheaper or doing lots of work, many times it's seeing value other people don't see, or monetizing better in unconventional ways.