EXPERIENCE BUILDING passive INCOME FROM PROPERTY

EXPERIENCE BUILDING passive INCOME FROM PROPERTY

By: Arip A.R.

Everyone longed to the additional income that number had grown increasingly time. Although we are no longer working alias retirement, but a steady income flow. Many ways people do. In this case I want to share the experience hopefully useful to others. Especially for the footmen to be married.

At the beginning we build a home with his wife to marry the idol of the heart, of course the first thought one of them how to prepare their own home so comfortably occupied by a small family. No problem modest home. That is also what I did the first time, a house acquired from mortgage facilities RSSS type (the house is very simple once), one bedroom, one living room and one bathroom there is no kitchen. However, how happy when she received the first property. The next issue of how to prepare the house while the kitchen cordon limited capital if you do not want to say there is no capital at all. I remember as a civil servant with a salary of 80% of the time, I get a windfall in the form of additional bapetarum / down payment assistance home around Rp 800 thousand. I think, this would be enough for what? Bought materials it feels less let alone be the builders. But the fact that I try to think hard. With the amount of money that much, I was determined to be able to build the rest of the land behind the house. I thought - why not - I can learn to be an amateur repairman, dig the foundation itself, attach the stones themselves, and so on. Be I realize the idea. Wong feels the spirit to do this on my own residence.

I took myself the foundation stone of the times that are relatively close to komplekku, so no need to buy. Iron for slup I bought from builders wreckage so the price is cheap. If you think now it seems amused, there are some builders who offer to help with the work. But alas the reward is not there. So the story goes its own way, before going to the office or home office or on Saturdays and Sundays, I gradually (basa Sunda ngarinyuh term, build a house as animal termites) actually I run. Although the results are not as neat a job amateur-made artisan - I can resolve gradually. And finally it is finished even take months. For the record this time my house is already rented to the needy, do not feel I've mengontrakan the home for 5 years.

From this experience, Thank God there are many lessons to be gained:

1. To realize the desire then do not hesitate to enjoy the process. Enjoy dig the foundation, each carrying stones, etc.

2. With the plunge, we obtain a self-taught skills

3. The next idea, I will not restore what I have built. But if any sustenance, then I'll build a new one somewhere else. Existing ones should rent / lease only.

4. We may think, how quickly pay off the mortgage, it is also what I thought at the beginning. But with the experience and the journey so conversely, if there is an opportunity for men top up (raise plapon) mortgage - I take that chance. The surplus I traded with other land, if possible could be built as soon as possible. Get up and rent out. If not, wait until I can top up mortgages in the next year, while return keproses that earlier I mentioned, gradually, every Saturday and Sunday, I played golf a traditional alias nyangkul for building foundations, which dibenak me, later on this land will be a house that can generate rental home. The result? We could fill the time with something productive. The hope plus years - the ratio of liabilities in the form of repayments to the Bank will be small compared with the results of the lease of the property. The term I pay the mortgage is a forced savings, which mortgage partly paid for by the tenant of the property.

5. Try to save money, regardless of the magnitude of the problem do not want one hundred, two hundred thousand per month is not a problem. A time will feel the benefit. The money collected will be triger or as a support for the following business activities. Examples of when we had the chance to be able to buy land, but less to complete such letters deed of sale, it would be very helpful if there is such savings. Of course many other examples.

6. Invest though the value is not how. Examples of when we are just able to buy a cabbage sand, a sack of cement, buy it. Learn nembok itself. Not as neat as could be made in artisan. But believe me this little thing that will initiate change of fortune.

7. For newly built homes, may think, I have to prepare new material, such as bricks, tiles etc. to complete the building. Know a lot of material that we can use even be obtained for free. My experience of the last / current. I take advantage of brick demolition, material Brangkal for material replacement brick wall of the house (how to install the look on google) so the cost of bricks for free, just require a fee for freight. For building houses one level, you can use bamboo as a material replacement for steel sloop. So the construction of the house can make budget cuts of 40 to 50%. Wow luarr usual.

8. The results we get, do not forget the majority intend to worship, a.l shadaqoh for both children and wife, charity / donation, execute sacrificial worship / Hajj / Umrah. InsyaAllah blessings.