Quote:
Originally Posted by kstater
My wife has bugged me for years to look in to getting a rental, I just don’t see it. I look at it more of a volume thing to make money. The only upside is having the assets IMO.
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I think the big advantage of rentals is wealth building more than income. If you've got years to do it, you buy rentals and make relatively low profits off of them for 20 years until they're paid off, and then at that point you start getting rich (or you sell them and get the bulk of your return that way).
I think the hard part of rentals is that they're a long term game, so you have to have investing capital when you're under 40 to really benefit from them. I wanted to do it at that age, but didn't have the capital.