100% correct approach.
100% correct approach.
The other poster is correct, rentals aren't the only way to maximize your expenses.
The other poster is correct, rentals aren't the only way to maximize your expenses.
Sure - there are lots of ways to do it; it’s just that rentals are a very safe, very minimal time commitment, and very predictable growth. Parking $50k somewhere with near guaranteed growth, having tenants pay for the mortgage, and taking advantage of the tax benefits.
There are other ways, but most that I’ve found require a much greater time commitment.
I’d love to hear if you’ve got any ideas, though.
Sure - there are lots of ways to do it; it’s just that rentals are a very safe, very minimal time commitment, and very predictable growth. Parking $50k somewhere with near guaranteed growth, having tenants pay for the mortgage, and taking advantage of the tax benefits.
There are other ways, but most that I’ve found require a much greater time commitment.
I’d love to hear if you’ve got any ideas, though.
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