through that single route. But I did want to learn more about alternative investment options, even ones that seemed like more work, if they could potentially reap a bigger reward than the market.had cropped up several times over the years. I'd heard that it was possible to generate high returns if you did it right .
, told me that buying a rental property ensures that you have a steady stream of cash in the form of rent. and all you have to pay on the property are things like taxes, utilities, and maintenance fees, which can all be factored into the price of rent.While it can be argued that investing in a rental property comes with more hands-on work and stress than investing in the market, Nabity says that it is an option that is less risky.
"When it comes to buying a rental property, there will always be the safety net of being able to earn rent from the property when compared to the stock market, where the market is too volatile and unpredictable," says Nabity. "In addition to this, the value of the property can only increase over time, which makes it a better choice when it comes to making a decision against rental properties and the stock market.
"Because of depreciation and the ability to expense other costs, real estate is tax efficient. It's possible to both defer taxes, via depreciation, and potentially avoid taxes through 1031 exchanges and estate tax planning," says Hull. "There are typically expenses associated with running a business, like cell phone expenses, that can be deducted from taxes when you have rental properties, but you cannot do the same with investing in the stock market.
Learning all of this from financial experts made me take the idea of buying a rental property in the future more seriously. Of course, nothing is guaranteed — and that includes rental income. I know that what I've described here is a best-case scenario. But as someone who likes to have control over their assets and doesn't want to take on too much risk, it seems like a good option for growing my overall financial portfolio.
I asked 3 raccoons if I should become a landlord or eat garbage, and they all said I should eat garbage.
I agree with marsden_wendy 💯 In addition to what she said, most folks are already highly leveraged into real estate via their own home. And, it makes even less sense, if your income is over $100k, since you can’t deduct all of the tax losses on the rental.
Or both, but yhebrental property is s better investing for sure, it's more guaranteed fixed income than iPads and downs
Sounds like they are not experts.
Or you could be a smart millennial, disregard what anyone in the legacy system says, and do what your peers are doing and buy $BTC bitcoin.
You might need to find new “experts” if none of them mentioned Bitcoin
There were several glaring inaccuracies in this article.
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Wow, I disagree nearly 100%: Buying an index fund is a passive activity, being a landlord is a JOB. Cap gain & dividend rates are more tax-advantaged than rental income. If you do buy, leverage it. Your risk of a tenant not paying (esp. as a novice landlord) is astronomical.
Yer deprive yet another family of a secure home so you can make a few quid.
If Biden wins and democrats capture senate will people even have to pay rents anymore? No way I’m becoming landlord right now.
The last thing we need is more landlords
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