Thinking of Investing in a Rental Property? Why This Retirement Passive Income Stream May Be More Work Than You Bargained For.
You'll often hear that it's really important to save well for retirement and line up income outside of Social Security. In fact, a good bet is to set yourself up with at least one passive income stream that pays you on a consistent basis.
You may be inclined to invest in a rental property as part of your retirement income strategy. But while a rental property could prove to be a steady source of income, it may not exactly be passive in the classic sense of the word.
It's easy to see why the idea of a rental property investment holds appeal. People will always need a place to live, so if you buy a rental property, you can not only generate monthly income, but also, in many cases, hold onto an asset whose value might appreciate over time and profit in the event of an eventual sale.
Source Fool.com
