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Problems with Buying Rental Property and Becoming a Landlord

14 Aug

Do you dream of owning property? Perhaps multiple investment properties from which to earn a monthly stream of income? Ah, the life…

But before you contact your real estate agent, consider what’s really involved. If you want to create an income immediately, you’ll need to rent your property. Though the proposition may sound simple, it is anything but. The information that follows details the downsides to property management.

It’s not meant to dissuade you from moving forward, but instead to show you that there are downsides as well as advantages to buying and managing rental property. Don’t let the potential to earn money cloud your vision when considering whether or not you’re cut out for it.

via 8 Issues with Buying Rental Property and Becoming a Landlord.

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Posted by on August 14, 2011 in investing

 

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