Savings Corner
DECEMBER 25, 2023
What if you get a tenant who pays late or damages the property? You may suddenly have tenants who can no longer pay their rent, while you may still have a mortgage of your own to pay. You’ll arbitrage the difference in your purchase and sale prices, and may be able to build a following of individuals who track your deals.
The Frugal Girl
MARCH 4, 2024
When they got married, they bought a duplex so that the rent money from the tenant in the upstairs apartment would pay the mortgage. Alan and I, by choice, bought land in an area with low property taxes. Had we not fallen in love with the locale, it wouldn’t have mattered how low the taxes were, but fall in love we did.
Prairie Eco-Thrifter
APRIL 21, 2014
The ability to leverage your money by getting a mortgage on a piece of income property and letting your tenants pay it off is unique in the investment world. You have to work hard, understand the tax laws, cover your liabilities and be prepared to hang on through good times and bad to end up with real estate fortunes.
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