Question by Bobby H: What is thebest passive income, is rental property a good investment?
I want to be able to have income which offsets my expenses, but have few business skills and really am not likely to buy a franchise as I am not a people person. If I bought property for income and possible resale what kind, or maybe wait on this?
Best answer:
Answer by rayt721 Rental property is a GREAT investment… while it’s rented. If you can pay cash for the rental without needing a loan, go for it. You can rent out or sell at will but if you owe on it and/or depend on income to pay for it, you are not really investing. You will pay income and taxes and be liable for repairs so take a look at your budget and you’ll be able to answer your own question about how practical the thought is. There are other ways to generate passive income without high risk like property… consider them. But, if you’ve got money people will always need places to live especially with so many foreclosures out there.
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We’ve made a new $ 94 million investment in a portfolio of four solar photovoltaic (PV) projects being built by Recurrent Energy near Sacramento, California. This brings our portfolio of clean energy investments to more than $ 915 million. We’ve already committed to providing funding this year to help more than 10,000 homeowners install solar PV panels on their rooftops. But this investment represents our first investment in the U.S. in larger scale solar PV power plants that generate energy for the grid—instead of on individual rooftops. These projects have a total capacity of 88 MW, equivalent to the electricity consumed by more than 13,000 homes.
We’re investing alongside global investment firm KKR and Recurrent Energy, a leading solar developer. Google will provide a $ 94 million equity investment and SunTap Energy, a new venture formed today by KKR to invest in solar projects in the U.S., will provide the remaining equity.
We’re joining KKR on their first renewable energy investment in the U.S. We believe investing in the renewable energy sector makes business sense and hope clean energy projects continue to attract new sources of capital to help the world move towards a more sustainable energy future.
Solar panels at one of the Recurrent projects
The energy produced by these projects is already contracted for 20 years with the Sacramento Municipal Utility District (SMUD). SMUD recently created a feed-in tariff program (FIT) to help green the grid for Sacramento-area residents. We’re excited that these projects are the first to be built under the program.
We’ve had a busy year at Google. Since January, we’ve invested more than $ 880 million in clean energy projects. We believe the world needs a wide range of solutions—from wind, to transmission, to solar PV and concentrated solar—and we look forward to new opportunities next year to further expand our portfolio of clean energy investments.
Posted by Axel Martinez, Assistant Treasurer, Google Treasury
Nokia is to lose another of senior executive after it announced Tero Ojanperä, Executive Vice President and member of its Leadership Team, will leave the company at the end of his contract on September 30, having worked for the mobile giant for 21 years.
Ojanperä held different positions at Nokia, once serving as the company’s Chief Technology Officer, Chief Strategy Officer, Head of Research, with his most recent role as Executive Vice President of Services seeing him oversee the support and advancement of developers.
Leaving Nokia at the end of the month, Ojanperä will take on a new role as Managing Partner of Vision+, a new investment fund that supports entrepreneurship and product development in local communities, which is to be backed by his former employer.
“I have enjoyed more than 20 years at Nokia. I’m proud to have played a role in the company which has changed – and continues to change – the lives of so many people around the world through mobile technology,” says Ojanperä. “Looking ahead, I’m excited to lead the work for the Vision+, which seeks to help communities turn creativity and innovation into products.”
Ojanperä is credited with helping to launch Ovi, Nokia’s answer to Apple’s App Store, a brand that is set to be amalgamated into the Nokia brand as the company seeks to launch a new range of Windows Phone handsets.
