02-01-2022, 07:40 PM
well, we just sold a rental property after owning for about 7 years. Made a lot of sense to "get out" now given the housing market in our area. At one point in the past, it felt wise to have a rental (as an investment), but over time, life changed to the point that it no longer made sense for us to have the hassle of a single property. If we would have been "all in", we would have bought a handful more properties and made a business of it over time. But as it stood, that approach wasn't all that appealing given the stage of life we're in.
I guess the appeal is that in many areas, owning rental properties is a less volatile investment than many others. But I feel like there is still inherent risk in owning and operating properties that some people overlook.
If you can find a property that cashflows well for you and can get a good rate on a loan, go for it!
I guess the appeal is that in many areas, owning rental properties is a less volatile investment than many others. But I feel like there is still inherent risk in owning and operating properties that some people overlook.
If you can find a property that cashflows well for you and can get a good rate on a loan, go for it!