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Comment by Schweigi | Hacker News Reader

Currently i have mainly two different passive income streams. A side project and multifamily property investments.

My side project (https://www.teamcalapp.com) returns around $2500/month and growing. I think the main improvement to be done is doing more marketing, which is unfortunately not so passive.

Im also investing in apartment complexes. Right now i have 4 passive investments. Since I’m only a passive LLC member that income is truly passive. Those investment deliver nice regular cashflow (8-10%) and appreciation once sold. Right now I’m in the process of buying my own property together with friends (50-80units). That will then be a bit more work but still partially passive once all is setup with the property management company.

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Would you be willing to share the name of the sponsors you invest with in the LLC? I am interested in doing the exact same and am an accredited investor, but I don't want to invest in the fundrise.com of the day, what they offer seem very "bottom of the barrell".

I would rather find some sponsor who would like accept a more limited number of accredited investors with whom to build a long-lasting relationship (ideally for decades and many deals), and in exchange I would be happy to invest larger sums of money (e.g. 50-100k per deal?).

I am asking because, if you are contemplating buying your own apartment complex, you definitely know what you're talking about and might be able to give me some very valuable advice :-)

Sure! Send me an email, address is in my bio.

The sponsor/operator is definitely the most important thing. I would argue even more important than the property itself. Thats also why I don’t like to invest in REITs as its not clear who manages those.

Silly question, but how will your product survive if Google decides to just implement that type of view on the calendar?

Good question! The lack of this feature was why I made TeamCal because Microsoft has it already a long time in Outlook. It doesn’t seem that Google invests a lot in Google Calendar improvements, especially for B2B use cases. Thats why I’m not overly worried.

Google has neglected their calendar product for almost a decade. I wouldn't be too concerned.

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