Strict Standards: Redefining already defined constructor for class CF7reCAPTCHA in /home/content/78/7858078/html/demo/wp-content/plugins/contact-form-7-recaptcha-extension/includes/CF7reCAPTCHA.class.php on line 54

Strict Standards: Redefining already defined constructor for class WPASDPlugin in /home/content/78/7858078/html/demo/wp-content/plugins/contact-form-7-recaptcha-extension/includes/WPASDPlugin.class.php on line 27

Strict Standards: Non-static method RCCWP_Options::Get() should not be called statically in /home/content/78/7858078/html/demo/wp-content/plugins/magic-fields/Main.php on line 183

Notice: A session had already been started - ignoring session_start() in /home/content/78/7858078/html/demo/wp-content/plugins/product-mgt/image-plugin.php on line 12

Notice: wp_enqueue_script was called incorrectly. Scripts and styles should not be registered or enqueued until the wp_enqueue_scripts, admin_enqueue_scripts, or login_enqueue_scripts hooks. Please see Debugging in WordPress for more information. (This message was added in version 3.3.0.) in /home/content/78/7858078/html/demo/wp-includes/functions.php on line 4153

Notice: wp_enqueue_style was called incorrectly. Scripts and styles should not be registered or enqueued until the wp_enqueue_scripts, admin_enqueue_scripts, or login_enqueue_scripts hooks. Please see Debugging in WordPress for more information. (This message was added in version 3.3.0.) in /home/content/78/7858078/html/demo/wp-includes/functions.php on line 4153

Notice: Use of undefined constant cmd - assumed 'cmd' in /home/content/78/7858078/html/demo/wp-content/plugins/product-mgt/image-plugin.php on line 26

Notice: Undefined index: cmd in /home/content/78/7858078/html/demo/wp-content/plugins/product-mgt/image-plugin.php on line 26

Notice: Undefined index: action in /home/content/78/7858078/html/demo/wp-content/plugins/wp-filemanager/wp-filemanager.php on line 65

Notice: Constant ALLOW_INCLUDE already defined in /home/content/78/7858078/html/demo/wp-content/plugins/wp-recaptcha/wp-recaptcha.php on line 14

Strict Standards: Redefining already defined constructor for class reCAPTCHA in /home/content/78/7858078/html/demo/wp-content/plugins/wp-recaptcha/recaptcha.php on line 17

Strict Standards: Redefining already defined constructor for class WPPlugin in /home/content/78/7858078/html/demo/wp-content/plugins/wp-recaptcha/wp-plugin.php on line 28

Strict Standards: Redefining already defined constructor for class MailHide in /home/content/78/7858078/html/demo/wp-content/plugins/wp-recaptcha/mailhide.php on line 15

Notice: wpcf7_add_shortcode is deprecated since Contact Form 7 version 4.6! Use wpcf7_add_form_tag instead. in /home/content/78/7858078/html/demo/wp-content/plugins/contact-form-7/includes/functions.php on line 358

Strict Standards: call_user_func_array() expects parameter 1 to be a valid callback, non-static method RCCWP_Query::FilterPrepare() should not be called statically in /home/content/78/7858078/html/demo/wp-includes/class-wp-hook.php on line 298

Strict Standards: call_user_func_array() expects parameter 1 to be a valid callback, non-static method RCCWP_Query::FilterCustomPostsWhere() should not be called statically in /home/content/78/7858078/html/demo/wp-includes/class-wp-hook.php on line 300

Strict Standards: call_user_func_array() expects parameter 1 to be a valid callback, non-static method RCCWP_Query::ExcludeWritepanelsPosts() should not be called statically in /home/content/78/7858078/html/demo/wp-includes/class-wp-hook.php on line 300

Strict Standards: call_user_func_array() expects parameter 1 to be a valid callback, non-static method RCCWP_Query::FilterCustomPostsJoin() should not be called statically in /home/content/78/7858078/html/demo/wp-includes/class-wp-hook.php on line 300

Strict Standards: call_user_func_array() expects parameter 1 to be a valid callback, non-static method RCCWP_Query::FilterCustomPostsOrderby() should not be called statically in /home/content/78/7858078/html/demo/wp-includes/class-wp-hook.php on line 300

Strict Standards: call_user_func_array() expects parameter 1 to be a valid callback, non-static method RCCWP_Query::FilterCustomPostsFields() should not be called statically in /home/content/78/7858078/html/demo/wp-includes/class-wp-hook.php on line 300

Notice: A session had already been started - ignoring session_start() in /home/content/78/7858078/html/demo/wp-content/themes/MyRentalPropertyCoach/template-inner.php on line 3
MyRentalPropertyCoach-Why Should I Buy A Rental Property?
learn_earn

Why Should I Buy A Rental Property?

Buying rental properties is an amazing way to increase your wealth exponentially over time. Here’s why:

  • You own an appreciating asset. All markets have their ups and downs, including the real estate market, but historically they rise over the long term. The property will appreciate on its own with regular maintenance or you can improve the property to increase the value more quickly.
  • It’s a tangible asset, meaning that you can go look at it and touch it any time you want. Unlike the stock market, you know exactly what you have purchased and you can see your investment right in front of you.
  • Someone else is paying it off for you. Once you have tenants in place, they are paying the mortgage on the rental property for you and eventually you will own the asset free and clear using someone else’s money. Of course there can be shortfalls along the way and you might end up covering these with your own money but overall, your tenants will pay the bulk of the mortgage.
  • You can use the property as a source of income for yourself. Once the property is paid off you can hang on to it for the income it produces. You could use the income to finance more revenue properties, use it to finance other investments, use it to supplement your income so you can work less, or use it to contribute to your retirement.
  • You learn valuable new skills. You learn the best way to find and buy new rental properties, how to manage your properties, how to do minor repairs, and so many more things that are too numerous to mention. This experience will teach you so much and the more you learn about investments, finances, and dealing with people, the better off you will be in almost every aspect of your life.