#1 Real Estate Investment Trusts (REITs)
REITs are probably the most unheard-of sources of passive income on this list, so first let’s breakdown what they are.
REITs are companies that own or finance income-producing real estate. Things like offices, apartment buildings, warehouses, and hotels.
These people make money by leasing the space and collecting rent on their real estate.
As an investor, you can invest in portfolios of real estate the same way you would purchase stocks, mutual funds, or ETFs.
You earn a share of the income produced through the real estate investment without having to buy, manage, or finance your own property.
Investments like these have been shown to have positive returns. But before you drop money into a REIT, it’s crucial that you speak to someone who knows more about it first.