Do you like the idea of getting passive income every month? In this Expert Insight Interview, Wally Wright discusses earning passive income from 5G Towers. Wally Wright is General Manager of Spectrum Link, a wireless internet service provider.
The interview discusses:
- How does a 5G tower generate income?
- Today’s state of 5G
- Advantage of investing in the 5G tower
How to Generate Income
To generate the income from 5G towers, you would have to buy a 5G tower on a lease to purchase agreement for 35 thousand dollars. That amount would include all the expenses such as licenses, maintenance, installments, insurance, etc. The company would own the network, but you would own the asset. The tower would get installed on the building within the next three months, and the company would immediately start to sign up businesses for their newly installed network.
In the beginning, you would be getting around $350 monthly, which sums up to 10 percent annually. However, there are options for growth. Firstly, the number of end-users gradually increases, and secondly, you would still have 75 percent of the capacity to do whatever you want with it. Usually, other telecoms would try to lease the rest of the space. Furthermore, the equipment appreciates over time due to the increase in the number of end-users. Thus, another option would be to sell and get more money than what you originally paid because the value has increased.
Even though technology innovation happens daily, around every ten years, we experience a significant technology change. So, 5G still has around seven to ten years until it gets replaced by something better and faster. Urban areas in the States already have a 5G network. It is just a matter of time when rural areas will get it too. Nowadays, most people work remotely, and there is an increasing demand for fast, reliable, and efficient Wi-Fi networks in both urban and rural areas.
Why 5G Towers for Passive Income Investment?
Investment in 5G tower is very turnkey because once you buy the equipment, the seller handles all other heavy lifting stuff like insurance and maintenance. As internet investment, this is a very safe investment with lots of growth potential. 5G connects people with lightning speed and provides the best and the most effective internet network that we can get today. Moreover, the tax law from 2018 allows you to write off up to one million dollars in equipment, including the 5G tower.
John is the Amazon bestselling author of Winning the Battle for Sales: Lessons on Closing Every Deal from the World’s Greatest Military Victories and Social Upheaval: How to Win at Social Selling. A globally acknowledged Sales & Marketing thought leader, speaker, and strategist. He is CSMO at Pipeliner CRM. In his spare time, John is an avid Martial Artist.