170. Become millionaire in 5-10 years time by renting out a mortgaged property to homeless people - Make $8,000 per month of profit per property

This idea is super-simple and zero risk.

As you know, you can get a $200,000 property for $1,000 per month mortgage. Like a house with 3 bedrooms (foreclosed or not) you buy for $200,000.

Suppose each bedroom can have 2 beds or 2 couches, so you can house 6 people. Suppose you house 5 homeless people and ask $30 per day rent. The first day or 2 or 3, they rent for free (as they need to fully recover), then they pay $30 per day. Then you are much cheaper than a hotel at $100 per day and you are fully booked 30 days per month per renter.

As you know, with AirBnb.com, the cheapest place to rent is $50 per day in your city, you offer $30 per day, so you are fully booked 30-days per month for 5 renters.

So you make $30 per day * 5 renters * 30 days = $150 per day * 30 days = $4,500 per month of income.

So you have a profit of $3,500 per month. Minus the cost of free utilities (water, electricity, heating, internet (wifi)) = $500 per month so your net profit is $3,000 per month and your mortgage is fully paid!

Then, the homeless people sell their money-making book for $20 on the streets and door-to-door , you create for them 20 books per day they can resell and you charge $5 per book. If the cost is $2.5 to produce each book, you make $2.5 * 20 books = $50 per day profit, they (the homeless) sell the books for $10-$20 each and make $5-$15 profit * 20 = $100-$300 profit per day. (also see idea nr. 169: $$$$$$$ >> Make $300 per day or $6,000 per month selling your own make-money book on the streets - This website is copyright-free! - Help the homeless!)

So you make an extra $50 profit per day per homeless renter * 5 renters = $250 per day * 20 days (they sell the books 20 days per month) = $5,000 per month of extra income for you.

So your total profit income is $3,000 + $5,000 = $8,000 per month! So you can quit your day time job and your mortgage is fully paid!

Then, each year, you buy a new house on mortgage, so in 3 years time, you make $8,000 per month profit * 3 = $24,000 per month of profit. Plus those 3 houses increase in value each year and in 10 years time these $200,000 properties are worth $400,000.

You can even sell each house for $200,000 profit (or for $400,000) to property investors, because your rental income is $3,000 per month, but it is smarter not to resell, but add more properties on mortgage as you make $8,000 per month profit with your homeless renters.

You can also simply rent a house, for let's say $1,500 per month, and with 3 bedrooms at $30 per day, you make $1,500 profit per month plus the extra $5,000 per month on reselling the make-money books by homeless people.

Even if you don't buy a house for rent or on mortgage, if you place 2 couches in your living room and rent them out to homeless people or on AirBnb.com for $30 per day, you make an extra $900 * 2 = $1,800 per month of income with 2 renters.

So here you have it, you make $8,000 profit per month on each mortgaged house you rent to homeless people or on AirBnb.com, you make $96,000 per year profit! With 3 properties, you make close to $300,000 per year profit, or in less than 5 years time, you are a millionaire!

So you see, helping out the homeless people, will make you a millionaire in 5-10 years time! God gives back 100-fold your investment!

This idea is super-simple and zero risk to become millionaire in 5-10 years time!

Also check out idea nr. 172: $$$$$$$ >> Distribute flyers - Make $100-$200 per day - Make $2,000-$4,000+ per month - Boost local businesses their revenues 4-10x fold!

Also check out idea nr. 193: $$$$$$$ >> Promote people their houses and cars for sale with flyers and printed brochures - Make $200 per day - Make $4,000 per month

Also check out idea nr. 3: $$$ Make $500-$1,000 per month Rent out your bedroom apartment as daily hotel-room at $30-$50 per day

Also check out idea nr. 90: $$$ >> Make $2,000+ per month Become an Make-Money-Become-Millionaire consultant!

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www.IWantToBecomeMillionaire.com -> Save $2,000-$3,000 per month, make $10,000 per month!
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If you start a fund raiser for homeless people, you become rich as well: US woman raises more than $100,000 for homeless man who used last $20 to buy her petrol when she ran out
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