Why Rental Property Investing Is a Top Passive Income Strategy
Investing in real estate is one of the most powerful wealth-building tools. The great thing about it is that you do not have to be a millionaire to tap into the industry; any ordinary Joe or Jane can become a real estate investor. One of the simplest ways to get into the market is to hop into the versatile world of rental real estate.
If you are interested in becoming one of the more than 10 million Americans who own rental real estate, there are many investing options and strategies that you can explore. Let's take a look at how you can start your journey, as well as why this strategy can be a winner.
When it comes to real estate, way more than charity begins at home. Your next stream of income can start there too. You can use your residential property, i.e., your home, to increase your cash flow without much effort by renting out a room or your basement or turning your garage into an investment gold mine.
Source Fool.com
