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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