How to Evaluate the Rate of Return on Rental Property

How To Evaluate The Rate Of Return On Rental Property

Being a landlord is a great way to build your wealth and increase your net worth. In fact, Money magazine listed becoming a landlord as one of its highest-rated ways for the average American citizen to become a millionaire. But, how do you calculate a return on rental property? Even after the housing bubble and credit crisis that hit the United States in 2008, real estate is a great way to increase your wealth, save for retirement, and supplement your income with a new stream. So, how do you go about evaluating if rental real estate is right for you? There are a few things that you need to consider when evaluating your options on the return on rental property … Read more