best side hustle for additional income

7,417 Views | 46 Replies | Last: 6 mo ago by FTAC2011
BenTheGoodAg
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AG
Certain things are just easier to sell on eBay, but overall it has gotten to be a pain to sell on. They take such a big cut of the sale, shipping costs can get you on some items, and if you sell enough stuff in a year, you get into 1099k territory which is just a pain to document.

Marketplace is so much better for so many things.
Ragoo
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AG
Good feedback
Captain Winky
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I have an online course that will teach you how to make at least $10K/month. I can give a Texags discount of $10K to join.
Conroe_Ag_8
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AG
With the right contacts, referrals in the payment processing space can be quite lucrative. 100% passive.
Mas89
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AG
FTAC2011 said:

barnag said:

It's all from real estate. Long term hold residential, commercial and land. It's boring and takes a long time, but I enjoy doing it.


How do you make money holding land? Are you leasing the land out?
Sell part of it to pay for the purchase entirely by subdividing. Keep the rest to sell eventually. Taxes on Tx farm/ ranch land kept in ag use are about $2 per acre per year. Rental income not important but would probably average $20 per acre.
This works best buying larger tracts over 100 acres with good road frontage not in a floodplain and then selling 10 plus acre tracts. Stay within one hour of major metros and fm/rm state roads are always preferred.
Diggity
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That's not really "holding it" though.
Mas89
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One tract I recently sold was purchased in 2003. Another piece under contract was purchased in 1998.
Always looking at property that fits my target and bought a good tract last year for more per acre than I had ever paid before. This was not my primary business but it has turned into it. No employees needed.
Captain Winky
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But it sounds like you weren't making money off it each year by holding it....
EclipseAg
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Diggity said:


Holy cow ... I forgot about this guy. Wikipedia says he slashed his own throat in prison awaiting trial.
Troglodyte
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I got on a Board of Directors for a small company. It's a really small company and only pays $1,000/month, but its only one, one hour meeting per month. I wish I could do 3-4 of those.
stonksock
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5 million split 60/40 in stocks and bonds generates about $10k a month in dividends and interest. 100% passive.
FTAC2011
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AG
Anyone here invest in $MSTY to generate income?
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