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Investors can generate passive income in a variety of ways, depending on just how involved they want to be in the process and how much time and capital they have to invest. When you purchase a home, you're required to pay property taxes. And if a property owner defaults on those taxes, Sperber said, the city government can make a legal claim — or"lien" — against the property for the amount owed.
"Subject-to" investing is purchasing a property subject to the existing mortgage that is already in place. It's an investing strategy ideal for investors low on capital, Sperber said, adding that buyers in this situation aren't formally assuming the loan. The terms of the original note stay the same, including the name in which the loan was purchased. And the buyer takes on the responsibility of making sure the mortgage is paid on time until it's renovate and resell the property.
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