‘The only true one-and-done asset’ — here’s the passive income gig one investor says can net you $40,000 per month Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
The rise of hustle culture has many people dreaming of getting rich through passive income, trying their luck at online courses (1) or automated digital storefronts (2) and waiting for the big bucks to roll in
But it was the real estate game that put financial guru Pace Morby (3) on the map. Morby, a property investor who hosted a house flipping show on A&E, recently talked about his favorite “lazy” income-generating real estate asset on a business podcast. Must Read – Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one – JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA.
Learn more with a free guide from Priority Gold – The tax breaks in Trump’s ‘big beautiful bill’ expire after 2028 — and experts say most people won’t act in time. What to do before the window closes Speaking to Graham Stephan and Jack Selby of the Iced Coffee Hour, (4) Morby touted RV parks as the property type that has made him millions in passive income. ‘It’s mostly gravel’ “There’s almost no management, the manager lives onsite and there’s basically nothing to fix because it’s mostly gravel,” he explained, contrasting the ease of maintaining his RV parks to the much greater demands of maintaining his apartment portfolio. In his experience, these campsite properties can bring in $30,000 to $40,000 each per month, even after expenses, including loan repayments, and all with minimal oversight.