There are a lot of advantages and disadvantages to owning rental properties. One of the biggest advantages is that the cash flow you get can be essential to becoming financially free. You only have to build up a couple of good rental properties before you will have a nice cash flow and hopefully, by the time you go to retire you could have a small portfolio of rental properties paid for free-and-clear. Your tenants pay down your mortgage while at the same time … [Read more...]

Having a rental property is a pretty basic concept that virtually everyone is at least somewhat familiar with. You simply buy a property and rent it out to a tenant, right? Actually, there is a lot to knowing how to properly purchase a property and then rent it out so that you have the maximum amount of cash flow with the least amount of hassle. There are also many tax advantages and tax consequences that must be considered. … [Read more...]