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I have wanted a rental property for YEARS. But we have moved so often that it never has felt like the right time nor did we ever find the right place.
But now that we have a more permanent residence… the wheels are starting to turn and the desire to own a rental continue to creep up on my empire building dreams.
There are three primary reasons I love the idea of a rental property:
1. Diversification of assets
2. The opportunity to use leverage as a means to build wealth in a cash flow producing asset
3. A minimal tax impact from the get-go due to rental property deductions like depreciation, real estate taxes etc.
Stay tuned! I think 2022 may be our year.
Where are my rental real estate owners?! Comment below why you love it!
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