Should You Invest in Rental Real Estate?

West Deptford in New Jersey (United States)

Publish date: January 17, 2020 23:52

Price: Check with seller

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If you want to make a profit by investing in rental real estate, you must be willing to commit more resources to this property than you would to an investment made at your bank, through a broker, or in a mutual fund.

Someone has to collect rents, find good tenants, and maintain the property. If you hire help to do these tasks, your profit shrinks.

Also, if you borrow money to buy the property, you have to pay the mortgage whether or not the property is rented. You should have emergency funds so that you will not lose the property to foreclosure if you lose your tenant.

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Contact: Leon A. Elwell

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