Benefits to Investing in Rental Properties
Many people aren't committed to staying invested in rental properties, probably because they don't understand the mechanics of it very well.
Some have had bad experiences in rental properties while others simply didn't have the staying power of remaining invested for a long enough period to see the big profits.
Rental properties have the capacity to compound wealth if the investor commits to remain invested for at least 5 years or more.
The initial returns in real estate are always minuscule and some may even experience negative cash flows for some months in the first few years.
This scares people off and it is somewhat rare to find people invested in real estate for more than 2 or 3 years at a stretch.
Many experts advise that it is entirely possible to have a core of 5 to 6 rental properties that can generate enough money within a maximum of 10 years to keep a small family in reasonably good 'livable income' each month.
The advice also states that in normal circumstances it should not take more than 3 or 4 hours per month to administer each of your rental properties, with emergencies and exigencies increasing it by another couple of hours at most.
This makes it the ideal home business opportunity, because it allows a lot of free time to pursue various other interests.
With a little planning, some research and sufficient funds - personal or in the form of loans / mortgages, the average real estate investor need never have to work for a living!
Some have had bad experiences in rental properties while others simply didn't have the staying power of remaining invested for a long enough period to see the big profits.
Rental properties have the capacity to compound wealth if the investor commits to remain invested for at least 5 years or more.
The initial returns in real estate are always minuscule and some may even experience negative cash flows for some months in the first few years.
This scares people off and it is somewhat rare to find people invested in real estate for more than 2 or 3 years at a stretch.
Many experts advise that it is entirely possible to have a core of 5 to 6 rental properties that can generate enough money within a maximum of 10 years to keep a small family in reasonably good 'livable income' each month.
The advice also states that in normal circumstances it should not take more than 3 or 4 hours per month to administer each of your rental properties, with emergencies and exigencies increasing it by another couple of hours at most.
This makes it the ideal home business opportunity, because it allows a lot of free time to pursue various other interests.
With a little planning, some research and sufficient funds - personal or in the form of loans / mortgages, the average real estate investor need never have to work for a living!
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