Owning rental properties

>>1816359
You need to see the property like an investment. You buy the investment and then it gives you money every month (''interest''). The bad thing about property is that you need to use time and money on maintaining the property while buying shares is lower maintenance.
t. the book called ''How to Own the World''
You should figure out if the property pays more back (interest) to you than for an example shares and bonds would pay you back.

>It doesn't create new wealth, I know
What do you mean? If you maintain it properly and pick the right neighborhood, rental properties can easily appreciate over time.

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>>1816359
>depreciation
>someone else pays for free house
>appreciation if you are lucky like 95% of real estate
>tons tax benefits
>write offs
>etc...

Doesn't create new wealth...

Landlord here

The main reason for rental properties not working out is that people don't buy correctly. You must buy with the intention of renting it exclusively and make sure the numbers work out.

Often, people buy a place to live in then, when they move, instead of selling, they'll rent it at a small loss. Or, they'll buy it for appreciation only. Neither scenario showcases the true power of REI.

>>1816630
>Landlord here

you better post some proof son

>>1816630
> they'll rent it at a small loss
wot

>>1818242
You need to account for maintenance in your renting calculations, as well as vacancy. It's not just $$/mo > mortgage, and you should not bet too much on real estate appreciation. Be happy that it happens, or be employed using your superior appreciation eyes to find values, because it's not a cakewalk.