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Rental properties are residential or commercial properties
that you purchase with the purpose of renting them out to a tenant. There are so many different property types, investment strategies and ways to profit when it comes to real estate investing. There are also many ways to get destroyed if you do not know what you are doing. Real Estate is the most tax-favored asset class on the planet. One of the biggest benefits of owning rental properties is that if done right, you can create an income stream now while also building up a significant retirement portfolio.
The segment of real estate that I have chosen to focus on is single-family houses mostly in the midwest along with college rentals.
Personally, I believe that investing in real estate is by far the best way to reach financial freedom and enjoy life both now and in retirement. This is why after contributing to retirement plans like 401k’s and IRA’s for the first 15 years of my working career, I decided to stop and just focus on saving enough for my next down payment on a rental property.
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