Finding Your Passive Income in Your Home Equity

Finding Passive Income sources can be easy, if you know where to look. One great resource is your Home. You're fixing it up and paying the mortgage on time -- an in the future it will pay you. Below you will find the formula of calculating your home's hidden Passive income.

Cashing In now on your home's equity - attached is a video clip "How to Get Your Home's Equity Now" to show how to cashin in on your home's equity now. However you don't have too.

Cashing in later on your home's equity - tracking my home's equity is what I'm doing right now. Here is the calculation on finding your home's equity Passive Income amount.

1. Find the current value of your home.
2. Take the current value amount and minus out fees that go along with selling a home (realtor, closing, taxes, etc.) I use 7% of the current value, but your market maybe different.
3. Take the new total and minus any payoff amount - this is the amount you still owe on your home.
4. Take this new value and times it by a reasonable interest rate. I use the value of one of my current money market accounts (2.71%). That it! This figure is the Passive Income of your home's equity.

1. Money Market Accounts
2. CD(s)
3. Bonds
4. Other Stocks
5. Rebate Rewards (gift card/money)
6. Savings Accounts
7. Home Equity
8. Online Marketing (some disagree)