2007-12-16 14:59:45 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
There are three forms of income: Active, Passive and Portfolio. So assuming you are on the same sheet of music as I am, then to answer your question...passive income is derived from rental properties,or any operation wherein you are not directly involved (limited partnerships, etc).
It does not offset your taxable income, and if you take losses in your passive income allotments, it CERTAINLY doesn't offset your taxes. (believe me on this!!)
Without knowing what you are doing, I couldn't begin to offer suggestions to anything specific to your current industry. Perhaps you could look at purchasing low-income properties and renting them out. Generally, the property is distressed due to location and condition. If you apply for HUD, you could get subsides to maintain the property and if you have a really creative accountant you may be able to get your Passive Income to be allocated as a Community Investment.
I am not suggesting ANY of this...but am just saying.
Good Luck!
2007-12-16 15:16:29 · answer #1 · answered by Kiker 5 · 0⤊ 0⤋
Are you generating 21k a week gross income, net income, what? It is important to know what the 21k represents. If you have to pay bills, the 21 isn't available for investing. If the 21k is net profit, short term commercial paper is a likely source of passive income. There is no investment which will return the % equal to 4k.
2007-12-16 15:15:47 · answer #2 · answered by googie 7 · 0⤊ 0⤋
Ok, well how much do you want to invest? You could buy a high dividend yield equity or lots of them, and just get the dividend income from that. Continue to invest as you make your profit from business, and you'll eventually surpass 4k a week.
2007-12-16 15:24:32 · answer #3 · answered by trancevanbuuren 3 · 0⤊ 0⤋
buy solars
http://youtube.com/watch?v=yKQsxETM0Sw
2007-12-16 20:24:50 · answer #4 · answered by lemonadeheaven 2 · 0⤊ 0⤋