Best answer

Simply said:yes!Buying a rental property is a secure investment that will help you make steady (and often passive) income. It also a great way to pay off your mortgage and get tax benefits in real estate.

People also ask

  • Should you rent or buy a house?

  • If you檙e in the military or if you don plan to stay long in an area, then you should rent. In most areas, you檒l need to stay in a house for two to three years to make buying worth the investment. 3. You need time to make a plan.

  • Is renting a property a good investment?

  • Owning a rental property can be financially rewarding. If you’re exploring this type of real estate as an investment, be aware of the risks and responsibilities. The idea of buying a home or apartment to rent out for profit may sound alluring. But buying a rental property for income and long-term capital appreciation can have its ups and downs.

  • Is it better to rent or live?

  • And as long as you檙e paying to live, your money is being well spent. Though renting as a way of life is not something we recommend, there are a few situations in which renting is the better option. When should I rent?

  • What are the advantages of renting a house?

  • One of the biggest advantages of renting is that you don have the same ongoing costs you would as a homeowner. On top of mortgage payments, a homeowner also has to pay property taxes, and for insurance, routine maintenance, and possible upgrades, if needed.