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Author Topic: Investment income from rental housing  (Read 109 times)

YurbTep

  • Guest
on: October 18, 2020, 05:57:37 PM
Investment income from rental housing

Overview: Rental housing can be an excellent investment if you wish to manage your properties yourself. To pursue this path, you need to choose the right property, finance it or buy it outright, maintain it and deal with tenants. You can do great if you make smart purchases. With housing prices cooling recently, a strategic purchase of real estate could work well in the long run, especially with interest rates peaking in 2023.

Who are they good for? Rental housing is a good investment for long-term investors who want to manage their properties and generate regular cash flow.

Risks: You will not enjoy the ease of buying and selling your assets in the stock market with a click or a tap on your internet enabled device.

Worse, you'll have to put up with the occasional 3 a.m. call about a burst pipe.

Rewards: With interest rates reaching their cyclical highs last year, 2024 could be a good time to finance a new property purchase as rates fall, although an unstable economy could make it difficult to execute.

If you build your assets over time, pay down debt gradually and increase your rents, you'll likely have a strong cash flow when it's time to retire.

Where to find them: You'll likely need to work with a real estate broker to find rental properties, or you can work on building a network that you can find before you hit the market. Can provide better deals.



 

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