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.