THINKING OF BECOMING A LANDLORD? Join the club. A record 1.8 million homes were purchased as rental properties last year, according to the National Association of Realtors — a 14.4% increase from 2003. In fact, nearly one in every four homes bought in 2004 (23%) was a second-home purchase meant to be rented out.
A great article from Smartmoney on Rental Real Estate, if you are anticipate becoming a landlord read this.
Scott Dauenhauer, CFP, MSFP