- $54,000 annual passive income
📝 From a recent article…
Sam Hunt, a 61-year-old San Francisco resident… earns $54,000 a year by renting out spare parking spaces as a side hustle…
Sam’s journey into this lucrative side hustle began several years ago when he started using Spacer, America’s leading parking marketplace, to rent out three unused parking spaces.
He owned 3 parking spaces which he rented out for $300/month each.
Since scaled up to 15 total spaces and earns about $54,000/year in passive income 🤑
Obviously you need capital to buy spaces in the first place.
If you can pull together a lot of capital, you can earn big money, like this guy on TikTok 👇
This empty dirt lot makes more than a luxury condo… Found 4.3 acres near the interstate zoned industrial but used for nothing. Owner was a retired contractor who just never got around to selling.
Offered $310,000 closed in 18 days, no brokers, no fancy marketing.
Now? 60 plus truck spots at $18/day plus equipment storage at $1.50 per square foot. $28,000 a month in passive income. There’s gravel, fences, and a payment system.
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