"You’ve been watching HGTV’s “Income Property” and wondering: Is it time for me to buy a rental and become a landlord?
You’re not alone. Between our “Friends”-like economy (“seems like you’re always stuck in second gear”), historically low interest rates, flat-line wages and the mood of millennials to rent instead of own, income property has been on an uptick since the Great Recession.
In fact, for the first time in five years, more Americans are putting their money into investment properties than vacation homes, according to the National Association of Realtors.
Should you? Experts offer a qualified yes, provided you do your homework first.
Here are 10 things to consider before diving into income property..."Read More