Pros and Cons of Investing in a Rental Property
Friday Dec 1st, 2023
ShareBuying rental property can be one of the most secure and fastest ways to build wealth. However, before you begin your entrance into real estate investing you should consider the following pros and cons. Main advantages: 1. Tax advantages You can deduct certain expenses from your income – reducing the taxes you owe. Deductions can include mortgage interest, property taxes, insurance, utility bills, maintenance/upgrades, and property management fees. 2. You may be able to deduct... [read more]