Semi-Passive Income Ideas

The catalyst for this list is an article at Benzinga about a 22 year old woman who bought a car wash for $140,000 and is clearing $5500/mo. There's not no work but she says very little.

You'd probably need to hire someone to stock and repair the machines if you don't want to do it yourself.

Similar to number 2, someone would need to be available to oversee repairs and keep items stocked like soap or dryer sheets if that is typical of laundromats these days.

Maybe a bigger initial investment up front, storage facilities are obviously proliferating and have been for many years. There are security concerns to address and maintain but the cashflow is frequently substantial.

We encountered this on our recent trip to Iceland. There were a lot of places where we had to pay for parking. You either pay at the kiosk in the parking lot or you scan the QR code for the app to pay through your phone but either way you pay a private party. Obviously they then have to pay someone but it must be profitable otherwise, why do it?

I found this one on the internet. You'd need vacant land that was preferable for a tower and then a way to contact the right people but the article I read said this could generate $45,000/yr.

Some are private, not connected to a bank and the fees are very high. There'd be a lot of set up work and work to place it but then once in place there would just be the matter of keeping it stocked with notes.

I've heard this word before. As best as I can tell, it's when you sell things online like through Amazon and outsource the fulfillment of orders. Less profit but also less labor which might be worth it. Even if dropshipping is something else, what I am describing is a thing.

Where the management is outsourced. Like number 8, less profit but less labor.

Buy a two family house, live in one side and rent out the other. The numbers to look for would be that the rent covers the mortgage to start and then as the rent charges goes up and the mortgage is eventually paid off, the rental income covers a growing portion of expenses. The risk is at times the rental portion will be unoccupied.