No. of Recommendations: 0
There are plenty of stories out there of people who have been able to do well with rental property. The key I think is to start buying when you are young and accumulate enough rental properties so you can hire a staff to help with maintenance. Then you have freedom to travel if you like. Being small and first starting out can be difficult.

If you do it right, its a solid business that generates tax advantages in depreciation. So current income taxes can be managed. Also, they are nice assets provided you are in an area where they appreciate over time.

For most, this turns out to be a long term investment. Flexibility can be limited if the area declines. Do you want to be an inner city slum landlord?

Take the time to learn the market before you invest. Do your research. Find yourself a good tax advisor.

Many people do it. It can work.
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