How To Generate Passive Income In 2022

Liam takes a deep dive into the thought-provoking question: is a buy-to-let investment actually an effective way of providing you with passive income? KEY TAKEAWAYS Passive income is the art of taking a single action, and having that result in repeating income for yourself. Buy-to-let is not 100% passive, as there is always something to do. However, they can be extremely close to providing passive income. Think about unemployment rates. Always buy in areas where there is good employment. The main reason for landlords losing out on rental payments is that they invest in areas where the tenants simply cannot pay. Focus on areas where there are good stock levels of property. Once your momentum begins, you will quickly be able to invest, scale and grow!  BEST MOMENTS 'You can build a successful property portfolio by doing less and earning more' 'My tenants I see as customers and assets' 'Demographic breakdown is very important' 'I don't advise the scattergun approach'  VALUABLE RESOURCES The Dealmaker Podcast - https://omny.fm/shows/the-deal-maker-by-liam-ryan Assets For Life - https://assetsforlife.co.uk   ABOUT THE HOST You're listening to The Deal Maker podcast with Property Expert, Property Multi Millionaire and Joint World Record Holder Liam J. Ryan. If you want to become a master negotiator, close more property deals, become a great salesperson and live a better life then The Deal Maker podcast is for you. Liam is a property investor, business owner and Entrepreneur helping people make more money and live a happier life CONTACT METHOD Instagram - https://www.instagram.com/liamjryanwealth/ Facebook Page - https://www.facebook.com/LiamJRyan.AFL Facebook Personal - https://www.facebook.com/profile.php?id=100010124928017