There’s a reason so many investors are drawn to purchasing rental properties: With rental homes, you get to make money two ways.
First, there’s rent itself, which can serve as a steady income stream. You may be able to charge enough rent to more than cover your monthly property ownership costs, leaving you with a nice profit on a regular basis.
Then there’s home price appreciation. Properties have a tendency to gain value over time, so if you purchase a rental property and keep it for many years, you might land in a position to profit nicely.
But today’s housing market is a tough one to crack — even if you’re a seasoned real estate investor with a decent chunk of capital to spend. And so you may be wondering if now’s really a good time to purchase a rental property.
The post Should You Buy a Rental Property Right Now? originally appeared at The Motley Fool.