Buy & sell strategy needs continue work. Therefore, it is an active income other than passive income. To create wealth and passive income, the correct strategy should be holding asset for rental. A innovative strategy is discussed as followings.
Step 1: Buy under value. Ensure the product has potential value.
Step 2: Improve the value of the product.
Step 3: Hold and rent out to create passive income.
Step 4: Once accumulate enough passive income, repeat Step 1 to buy more.
Example 1: Buy a used bicycle. Repair and upgrade it. Rent it out to create passive income.
Example 2: Buy an old house at a competitive price. Renovate it. Rent it out to create passive income.
Example 3: Buy an industrial warehouse at a low price. Upgrade it for other purposes (such as a children play center). Rent it out to create passive income.
The followings are for your reference.
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