The Biggest Opportunity in the Las Vegas Housing Market Right Now
The biggest opportunity in Las Vegas real estate may not be lower home prices or lower mortgage rates. It may be the negotiating power buyers have today.
For years, buyers were competing for limited inventory, making aggressive offers, and sometimes giving up important protections just to get a home under contract.
But the market has changed.
Buyers in many parts of Las Vegas now have opportunities to negotiate terms that were much harder to obtain during the most competitive years.
And that creates an important question:
Are you waiting for a better market when you could be negotiating a better deal right now?
1. The Opportunity Isn't Just the Price—It's the Entire Transaction
Most buyers focus on two numbers: the purchase price and the mortgage interest rate.
Both matter, but neither tells the entire story.
A successful purchase also depends on how much cash you need at closing, your monthly payment, the condition of the property, and what the seller is willing to contribute.
In a market where some sellers are more motivated, buyers may be able to negotiate:
Purchase price reductions
Seller-paid closing costs
Mortgage interest-rate buydowns
Repairs or repair credits
More favorable closing terms
These concessions can make a meaningful difference in the overall cost of purchasing a home.
The best deal isn't always the home with the lowest asking price. It's the transaction that makes the most financial sense.
2. Seller Credits Could Be More Valuable Than You Think
Let's say you're purchasing a $500,000 home.
The seller is willing to negotiate $15,000.
You could ask for a $15,000 price reduction.
Or, depending on your loan program and applicable contribution limits, you might negotiate a $15,000 credit toward eligible closing costs and mortgage discount points.
Why does that matter?
Because reducing the purchase price by $15,000 may lower your monthly mortgage payment by a relatively modest amount.
But using allowable seller credits to obtain a lower interest rate could potentially create greater monthly savings.
Alternatively, using those credits toward eligible closing costs could help you preserve thousands of dollars in savings.
There isn't one strategy that works for everyone.
The key is comparing the numbers before writing the offer.
3. More Inventory Can Mean More Negotiating Power
When buyers have only a handful of homes to choose from, sellers generally have the advantage.
But when more properties are available, buyers have greater flexibility.
They can compare homes, review listing histories, evaluate price reductions, and potentially negotiate with sellers whose properties have been on the market longer.
For example, a property that has been listed for 60 days may present a different negotiating opportunity than one listed yesterday.
That doesn't automatically mean the seller will accept a lower offer.
But it gives buyers a reason to investigate.
Look for homes that have experienced price reductions, extended marketing periods, or previous contracts that didn't close.
Sometimes the best opportunity isn't the newest listing.
It's the property everyone else overlooked.
4. Don't Wait for Mortgage Rates to Solve Everything
One of the biggest mistakes buyers can make is assuming lower mortgage rates will automatically create a better buying opportunity.
Mortgage rates could decline in the future.
But if they do, more buyers could return to the market.
That could create additional competition and reduce sellers' willingness to negotiate.
Imagine purchasing a home today with favorable seller concessions versus waiting for a lower rate but having to compete against several other offers.
Which transaction is better?
You cannot answer that question without comparing the actual numbers.
And while refinancing may become an option if rates decline, it is never guaranteed.
The payment must make sense today, regardless of what mortgage rates do tomorrow.
5. What the Latest Las Vegas Housing Numbers Show
The September 2026 housing report provides a clearer picture of why buyers should pay attention.
Median single-family sale price
$470,000
September 2026
Below May–June peak
$20,000
From $490,000
Housing supply
~5 months
Greater negotiating flexibility
Median condo/townhome price
$290,000
September 2026
Source: September 2026 Las Vegas REALTORS® figures reported October 6.
These numbers don't mean every seller is desperate or every property is a bargain.
They do suggest buyers have more room to compare properties and negotiate than they had during periods of extremely limited inventory.
6. New Construction Could Be Another Opportunity
Don't overlook new-home builders.
Depending on the community, available inventory, and builder incentives, buyers may find opportunities involving closing-cost assistance, rate buydowns, upgrades, or price adjustments.
But advertised incentives should always be evaluated carefully.
Compare the purchase price, financing costs, interest rate, monthly payment, and total cash needed at closing.
An attractive advertised rate doesn't automatically make a home the best financial deal.
7. The Biggest Mistake Buyers Can Make Right Now
The biggest mistake is waiting for everything to become perfect.
Waiting for the perfect mortgage rate.
Waiting for the perfect home price.
Waiting for the perfect housing market.
There is nothing wrong with waiting if your finances aren't ready. But buyers who are financially prepared should understand what opportunities are available before automatically putting their plans on hold.
The right question isn't simply whether rates or prices will be lower six months from now.
It's whether you can negotiate a transaction today that meets your financial goals.
Derek Parent: Mortgage Lending Since 1998
I've been in mortgage lending since 1998, and I've worked through multiple housing cycles in Las Vegas.
I've seen markets where buyers had almost no negotiating power, and I've seen markets where properly structured financing and seller concessions created significant opportunities.
Through The Parent Team at Priority Financial Network, I work with first-time buyers, veterans, self-employed borrowers, investors, luxury buyers, and Las Vegas condo and high-rise purchasers.
Depending on eligibility, financing options may include conventional, FHA, VA, jumbo, bank statement, DSCR, asset-based, and other specialized mortgage programs.
My goal isn't simply to get you pre-approved.
It's to help you understand how the purchase price, mortgage rate, seller concessions, and loan structure can work together to create the strongest possible transaction.
Final Thoughts
The biggest opportunity in the Las Vegas housing market right now is the ability to negotiate more than just the price.
Buyers may have opportunities to secure seller credits, reduce closing costs, negotiate repairs, and explore financing strategies that make homeownership more affordable.
But those opportunities are different for every property and every borrower.
Before you decide to wait another six months, let's run the numbers.
You may discover that the opportunity you've been waiting for is already available.
Stop Waiting for 5% Mortgage Rates — There May Be a Better Strategy
If you're waiting for mortgage rates to hit 5% before buying a home, you're not alone.
I've spoken with plenty of buyers who have essentially put their plans on hold because they believe a lower mortgage rate will automatically create a better buying opportunity.
Maybe rates will eventually reach 5%.
Maybe they won't.
But here's the bigger question:
What opportunities could you be giving up while you wait?
Instead of trying to perfectly predict mortgage rates, there may be a better strategy: use the leverage available in today's market to negotiate a transaction that works with today's numbers.
The Problem With Waiting for a Specific Rate
Nobody can tell you exactly when mortgage rates will reach a particular number.
Mortgage rates respond to numerous economic factors, including inflation expectations, the bond market, employment data, and broader economic conditions.
So saying, “I'll buy when rates hit 5%,” sounds like a plan, but it's really a prediction.
And while you're waiting for that prediction to come true, other parts of the housing market can change.
Home prices can move.
Inventory can change.
Seller motivation can change.
And perhaps most importantly, buyer competition can change.
What Happens If Rates Actually Reach 5%?
This is the part buyers sometimes overlook.
Imagine mortgage rates decline substantially.
You probably won't be the only buyer who notices.
People who have spent months or years waiting may start looking at homes again.
More buyers could mean:
- Increased competition
- More multiple-offer situations
- Less negotiating power
- Fewer seller concessions
- More pressure on desirable properties
So while you may get the lower interest rate you've been waiting for, you could potentially give up some of the leverage available in today's market.
A lower rate does not automatically equal a better overall deal.
Today's Seller Could Help You Lower Your Payment
Instead of waiting for the market to give you a lower rate, consider whether the seller can help you create one.
Depending on the transaction, loan program, and applicable contribution limits, seller concessions may potentially be used toward eligible closing costs or discount points.
For example, suppose a seller is willing to provide a $15,000 credit.
Rather than automatically asking for a $15,000 price reduction, we can compare what happens if eligible funds are used toward:
- Discount points
- Closing costs
- Prepaid expenses
- A temporary rate buydown
- Other allowable costs
Sometimes reducing the interest rate can have a greater effect on your monthly payment than reducing the purchase price by the same amount.
But you have to run the numbers.
Consider a Permanent Rate Buydown
A permanent rate buydown uses discount points paid at closing to obtain a lower mortgage interest rate.
The rate reduction available for a given cost varies with market pricing, loan characteristics, and the day the rate is locked.
But the concept is important.
Instead of asking:
“When will the market give me a lower rate?”
you can ask:
“Can we negotiate enough seller assistance to help me obtain a lower rate now?”
That puts the focus on something you may actually be able to negotiate.
A Temporary Buydown Could Be Another Option
Some buyers may also consider a temporary buydown when permitted by their loan program.
A common example is a 2-1 buydown.
With a typical 2-1 structure, the payment is calculated using an effective rate 2 percentage points below the note rate during the first year and 1 percentage point below during the second year. The borrower then makes the full payment based on the note rate.
This can reduce the initial payment, but there is an important rule:
You need to be comfortable with the full payment.
Never buy a home you cannot afford based on the assumption that rates will drop and you will refinance before the temporary buydown ends.
Don't Focus Only on the Interest Rate
Buyers can become so focused on rates that they overlook everything else affecting affordability.
Your total housing expense can include:
Principal + Interest + Property Taxes + Homeowners Insurance + Mortgage Insurance + HOA Dues
Then consider your down payment and closing costs.
Two homes with identical purchase prices can have very different total monthly costs.
And two buyers with the same mortgage rate can have very different financial outcomes depending on how their transactions are structured.
The interest rate matters.
But the complete transaction matters more.
More Negotiating Power Can Create Opportunity
When sellers have fewer buyers competing for their properties, negotiations can become more flexible.
Depending on the property and seller motivation, buyers may be able to negotiate:
- Price reductions
- Seller-paid closing costs
- Rate buydowns
- Repairs or credits
- More favorable terms
That leverage has real financial value.
The goal isn't simply to find the cheapest house.
It's to find the property you want and determine whether the seller, financing, and purchase terms can be structured into a deal that makes financial sense.
What If Rates Drop After You Buy?
This is another important part of the strategy.
If you purchase today and mortgage rates decline meaningfully in the future, refinancing may become an option.
But refinancing is never guaranteed.
You would still need to qualify, and the savings would need to justify the refinance costs.
So I don't recommend purchasing today solely because you believe you can refinance later.
The mortgage should work for you today.
If rates eventually fall enough that refinancing provides a meaningful financial benefit, then we evaluate that opportunity when it happens.
There Are Times When Waiting Makes Sense
Not everyone should buy right now.
Waiting may be the better decision if you need time to:
- Improve your credit
- Reduce debt
- Increase savings
- Build emergency reserves
- Stabilize employment or income
- Prepare for a major life change
Those are legitimate financial reasons to wait.
But waiting solely because you're targeting an arbitrary 5% mortgage rate is different.
Before making that decision, find out whether the numbers could already work.
Derek Parent: Mortgage Lending Since 1998
Derek Parent has been in mortgage lending since 1998, helping homebuyers navigate different housing markets and interest-rate cycles for more than 25 years.
Through The Parent Team, Derek works with first-time buyers, veterans, self-employed borrowers, investors, luxury buyers, and Las Vegas condo and high-rise purchasers.
Depending on borrower and property eligibility, financing options may include conventional, FHA, VA, jumbo, bank statement, DSCR, asset-based, and other specialized mortgage programs.
The objective isn't to convince someone to buy because rates might rise or fall.
It's to evaluate the transaction based on today's numbers and determine whether seller concessions, loan structure, down payment, and other strategies can create a payment that works.
Final Thoughts
You don't control where mortgage rates will be six months from now.
But you may have more control over today's transaction than you realize.
Instead of waiting indefinitely for 5% mortgage rates, find out what you can negotiate today.
Could the seller contribute toward your eligible closing costs?
Could seller concessions help buy down your rate?
Could a different loan structure improve your payment?
Could negotiating the financing provide more value than simply negotiating the purchase price?
Those are questions worth answering before you decide to spend another six months or year on the sidelines.
If you're considering buying a home in Las Vegas, contact Derek Parent and The Parent Team. Let's run the numbers and determine whether there's a better strategy than simply waiting.
Gifting a Home
Are you planning on gifting a home to someone this holiday season? For most people, a gift this generous is probably out of the question. But maybe you had a good year financially, and a family member needs the help. Whatever the case is, here are some guidelines when it comes to giving the gift of real estate.
Buying a new home outright
Instead of buying a new home outright, it may be wise to gift the cash for the home, NOT the home itself. Everyone has their own preferences when it comes to what they want in a home, so allowing the recipient of your generous gift to choose their home is probably a much safer idea.
We highly recommend running this by your accountant, as you may also need to file a gift tax return.
Gifting the down payment
Gifting money for a down payment works in pretty much the same way—except when it comes to the mortgage. If there’s even the slightest hint that the money is a loan rather than a gift, it can hinder the recipient’s ability to get a mortgage.
You’ll want to work closely with the recipient’s lender to file the appropriate paperwork, which will include a verified gift letter certifying the funds are a gift, not a loan. The lender will also likely need to examine your finances to determine if you’re able to gift. And remember, most lenders won’t permit gifts from nonfamily members.
Gifting an existing home
Would your children love to own the home they grew up in? Unfortunately this is a poor option, especially if both parents are still living.
One of the tricky struggles with gifting a home you own is the differential between the cost basis (what you first paid for the house) and the current fair market value—which could be hundreds of thousands of dollars, depending on how long you’ve owned it and the appreciation in the area.
This might not matter if your children plan to live in the home forever: The gift will be subject to your gift tax limit, and they’ll only pay capital gains tax if they sell. But if (and, likely, when) they sell, they’ll be stuck paying taxes on the difference.
If you’re determined to gift someone a home this holiday season, remember to keep these guidelines in mind. It IS possible, but of course it’s extremely important to consult your accountant and/or financial advisors to ensure it’s done in the right way.
Why The Holidays are a Great Time to Refinance Your Mortgage
If you're a homeowner in Las Vegas and you want to lower your mortgage payment and/or consolidate your debt, then refinancing might be the right option for you!
So how does it Work?
Well, its not always that simple. There are many factors that determine if refinancing is right for you, such as interest rates and your current equity in your home. It also depends on what your current needs are. Do you want to lower your monthly payments and interest rate? Or do you want to cash out to consolidate your debt in time for the holiday season? There are different types of refinancing options to choose from.
The traditional refinance option allows you to get a new mortgage with a different interest rate and terms. This could help you lower your monthly payment and start saving! Interest rates fluctuate, meaning they go up and down. So, there's a chance that you can get a lower rate on your mortgage and start saving money every month! Note that when you refinance your mortgage you are starting from the beginning of the set terms. For example, if you are 5 years into a 30 year mortgage and you choose to refinance to get a lower rate or payment, you will start at the beginning of the term of the new loan. So, your total finance charges may be higher over the life of the loan.
The other option is a cash-out refinance - This is where you refinance your mortgage for more than you currently owe, then pocket the difference. Sounds great, right? Well, there are many factors that go into the process of cash-out refinancing. For example, you will need to apply and submit various documents, get an appraisal on your home, and have a good standing with your current mortgage for the past 12 months. However, if you qualify, cashing out is a great way to consolidate your debt and put more money in your pocket during the holiday season! Please note that when you do a cash out refinance, you are not eliminating your debt. You are consolidating it through your mortgage and will pay it off through your monthly loan payment.
The good news is that the Las Vegas real estate market is booming! Interest rates are competitive, and home values are increasing. That means that the majority of home owners have equity in their homes. You could take advantage of the our refinance options and lower your monthly payments, in addition to "cashing out" the difference.
If you are a homeowner in Las Vegas and you would like to take advantage of our refinance opportunities this holiday season, give us a call at 702-331-8185!
Tips For First Time Home Buyers
There’s probably hundreds of articles on the internet that are full of useful tips for first-time home buyers. Since our team has been exposed to thousands of loan transactions, we want to give you our expertise and personal advice. The more prepared you are, the smoother the process will be. We love helping our clients achieve their dreams of homeownership!
Check Your Credit Not only does your credit score matter, but your credit history is just as important. It’s not impossible to purchase a home with less-than-perfect credit, but it will be more expensive. In most cases, the lower your credit score is, the higher your mortgage interest rate will be. You also want to be mindful of your debt-to-income ratio, which is your total monthly debts divided by your gross monthly income. If you have substantial credit card debt, your debt-to-income ratio will likely be too high to qualify for a mortgage. Try to keep your debt-to-income ratio equal to or less than 43%.
Apply Now Before House Hunting Many hopeful buyers skip out on this crucial step and find themselves disappointed that they can’t qualify for a home that they fell in love with. Not to mention, you may qualify for more house than you think. You may be shopping for a house in the mid $200Ks range, when you can qualify for a home in the upper $300Ks.
Save Your Money! This seems like an obvious tip, but becoming a homeowner can get expensive. Don’t be discouraged! Just be sure to budget yourself and set enough money aside for your down payment, closing costs, and of course, furnishing your new home. Down payment options start as low as 3.5%, so you no longer have to make a 20% down payment to buy a house.
What Happens if You Inherit a Mortgage?
Most homeowners have mortgages, and the sad reality is all homeowners die eventually. And, if a homeowner dies with an outstanding mortgage loan, the mortgage company still expects to be paid. Whether the balance owed will be due all at once or can be paid off over time depends on who inherits the home and the state where thedeceased’s estate is being administered.
What Happens When a Homeowner Passes Away?
If someone dies owing money on a conventional mortgage, the mortgage company must usually be formally notified of the death as part of the probate process. However, if the deceasedtransferred his or her home to a living trust, such notice may be optional. (Sometimes the loan documents require it.)
If the home is owned by spouses and one of them dies, the mortgage company may allow the surviving spouse to make payments without interference since the loan had been extended to both parties.
If, however, the property is inherited by someone else, such as the deceased’s children, or if the home was just in the name of the deceased, the mortgage company may require the new owner to refinance the mortgage or pay the entire loan balance owed within a fairly short period of time. If the new owner is unable to meet its demand, the lender can foreclose on the home. (If the home was ultimately lost to foreclosure, that should not affect the credit of the “heir” because the heir was never personally obligated to pay the mortgage.) Flexibility on the part of the mortgage company in these circumstances is difficult to predict.
What should I do if I can’t pay?
Sometimes, people do not notify the mortgage company of a mortgage holder’s death and simply continue paying the loan. This scenario might happen, for example, if the heir to the home has bad credit, cannot afford to refinance or, alternately, pay the entire balance due, and yet wants to hold on to the house.
This strategy, however, could blow-up in the heir’s face should the mortgage company discover the ruse because the mortgage documents themselves will allow a foreclosure if the company is not notified of the death within a specific period of time.
All 50 states have laws that regulate mortgages at death. The very best option is to consult with an experienced estate attorney in the state where the home is located. That way, you can learn what specific options you may have.
This article was written by Brad Wiewel and originally published on Credit.com.
Trick Your Brain into Saving a Down Payment
Follow these 5 strategies to ensure you meet your long-term goals.
Why is it so difficult to stick with a long-term savings plan even when we truly consider our future goals to be just as important as — if not more than — our current desires? Chalk it up to our hardwiring: The rational side of the brain is often drowned out by the emotional side. Good news: It’s possible to outsmart those (very persuasive) instincts that encourage us to spend even when we know we should be saving.
Here’s how to save money for a down payment — or any other long-term savings goal — without letting those instincts get in the way.
Make it hard to spend
If your money is hard to get to, those impulse buys won’t be as easy to make. Put up some roadblocks by moving your savings from your checking account into a separate account that doesn’t have a debit card attached. Better yet, if you’ve got a separate emergency fund and you’re comfortable with not being able to access it immediately, move it into a money market account or other account with a higher interest rate and forget about it (unless you’re adding to the bottom line, of course).
Automate your savings
Take the task of saving out of your control and set up an automated account that diverts a certain amount of your income each month into a savings account. Because it removes the rationalization factor (“Should I save this month or skip it?”), it also removes the emotional act of negotiating with yourself.
Create specific goals and set reminders
Avoid settling for immediate gratification by forcing yourself to acknowledge your long-term goal regularly. Try posting a picture of your dream home in a highly visible area, pinning some money-saving quotes on your Pinterest board, or creating a clear savings timeline with specific number-based savings goals and saving it to your desktop to update with your daily progress.
Match impulse buys with an equal amount into your savings
Computers and smartphones make spending an ever-present option. Spending shouldn’t be forbidden. Instead, skew the act of spending to your favor. So you really want those new boots? Match that spending with an equal contribution to your down payment.
Sometimes the pain of doubling a cost is enough to deter a purchase. In the case you still choose to spend, the matched contribution ensures that at the very least you’re still taking measures to save.
Put away any unexpected savings
Can’t turn down a great sale? To piggyback a good habit onto any impulse purchase, take the sum that was discounted on your sale item and add it to your down payment savings account.
5 Financial Perks of Being a First Time Homebuyer
A number of tax benefits come with being a homeowner — but you’ve got some work to do if you want to take full advantage.
All of those forms you filled out to buy your house were just the beginning. First-time homeowners have years of mortgage and insurance paperwork to look forward to, and, of course, taxes.
To sort through that pile of paperwork and make sure you’re saving as much money as possible, here are six tax benefits for new homeowners.
1. You can deduct the interest you pay on your mortgage
The home mortgage interest deduction is probably the best-known tax benefit for homeowners. It lets you deduct all the interest you pay toward your home mortgage with a few exceptions, including these big ones:
Your mortgage can’t be more than $1 million.
Your mortgage must be secured by your home (unsecured loans don’t count).
Your mortgage must be on a qualified home, meaning your main or second home (vacation homes count too).
Don’t assume that if you are married and file a joint tax return, you have to own your home together to claim the interest: For purposes of the deduction, the home can be owned by you, your spouse, or jointly. The deduction counts the same either way.
And don’t worry about keeping track of how much you’re paying in interest versus principal each month. At the end of the year, your lender should issue you a form 1098, which reports the amount of interest you’ve paid during the year.
Warning: Since, as a first-time homeowner, you pay more interest than principal in the first few years, that number can be fairly sobering.
2. You may be able to deduct points
Points are essentially prepaid interest that you offer upfront at closing to improve the rate on your mortgage. The more points you pay, the better deal you get.
You can deduct points in the year you pay them if you meet certain criteria. Included in the list (and it’s a long one): Points must be paid on a loan secured by your main home, and that loan must be to purchase or build your main home.
3. For 2015, you can deduct PMI
Private mortgage insurance, or PMI, protects the bank in the event you default. PMI may be required as a condition of a mortgage for first-time homebuyers, especially if they can’t afford a large down payment.
For most years, PMI is not generally deductible. However, for 2015, qualifying homeowners who itemize may claim a tax deduction for the cost of PMI for both their primary home and any vacation homes.
4. Real estate taxes are deductible
Real estate taxes are imposed by state or local governments on the value of your property. Most banks or other mortgage lenders will factor the cost of your real estate taxes into your mortgage and put those amounts into an escrow account.
You can’t deduct the amounts paid into the escrow, but you can deduct the amounts paid out of it to cover the taxes (you’ll see this amount on a form 1098 issued by your lender at the end of the year).
If you don’t escrow for real estate taxes, you’ll deduct what you pay out of pocket directly to the tax authority.
And don’t forget about those taxes you paid at settlement. If you reimburse the seller for taxes already paid for the year, you get to deduct those too.
5. You’ll get capital gains tax relief down the road
Resale value is something you considered when you chose your home. And different from other investments for which you’re taxed on the full value of any gain, you can exclude some of the gain attributable to your home when you sell.
Under current law, you can avoid paying tax on up to $250,000 of gain ($500,000 for married filing jointly) so long as you have owned and lived in the property for two of the last five years (those years of owning and inhabiting don’t have to be consecutive).
Gain over that amount is taxed at capital gains rates, which are generally more favorable than ordinary income tax rates.
2 Ways to Build Passive Income Streams in Different Markets
It's wise to build passive income streams in the young adult years and allow them to grow. Before long, you'll be earning significant money from your previous work.
Two Easy Ways to Build Significant Passive Income
Passive income is great because it's a way to earn income without putting in a lot of work on a consistent basis. Technically, passive income works because a person does an amount of work in the beginning, but the cash flow is reoccurring and provides financial health. This is especially beneficial for the older generations as they continue to age and desire to preserve their energy.
Invest in Real Estate: Condos, High Rises, Homes
For some people, the thought of owning multiple properties may sound daunting and almost impossible. However, there are many ways to earn money as a real estate investor. One of these ways involves rentals. You can purchase a home, condo, or high rise by researching various investment property financing options. Don't be deterred by the idea just because of the finances. When you prepare a house to put on the market as a rental, you'll be able to earn a lot of money on a monthly basis. A few years of rental income can easily pay off an entire mortgage without your help and the rest becomes profit.
Books, Music and Other Copyrighted Material
Books are great forms of passive income for building wealth. An author spends a significant amount of time writing a book. Once it's published and available for sale, the book will sell over and over. The same concept applies to music. The percentage that's paid to the creator is called a royalty. With the right marketing plan and a wide audience, anyone can experience royalty checks in the hundreds of thousands of dollars. There are also many celebrities who make a lot of money from their book tours and book signings. If you don't consider yourself a good writer, but you have a story to tell, hire a ghostwriter. They'll create the content and you'll be able to eloquently share the story with the world.
Finances and the Future
Passive income streams eliminate the process of exchanging time for money. When you free up your time and can still earn lots of money, this is a dream that most people long to experience. In the meantime, be intentional about creating passive income streams and you'll experience financial freedom in no time.