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The Real cost of Owning an Investment Rental Property
The Real Cost Of Owning an Investment Rental Property
By Larry Lane for InvestorZoo.com
You’ve come across a can’t miss opportunity to pick up a distressed property. You think this is a great opportunity to turn it into a rental unit to cash in on someone else paying your mortgage. Before plunging into a very big purchase, let’s take a look at the pros and cons of your investment.
Expenses
1)Mortgage: Unless you’re paying cash, you will have a mortgage on the property. If this is purchased as an investment property, you will pay a higher interest rate on your loan.
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