Andrew Carnegie understood the power of owning real estate. In fact, according to Mr. Carnegie, “90% of all millionaires become so through owning real estate.” Whether you’re looking to become a millionaire or not, there are many benefits to owning rental properties. Investing in real estate provides an investor with long-term appreciation, tax benefits, wealth building, investment diversification, and passive income to name a few.
But with all good things, there are always risks. Real estate investing comes with its own risks: liability, inconvenience, and accounting are just a few of the risks and hurdles of owning rental properties. However, those hurdles [...]