At times of
poor or no capital growth, strategic property investors "manufacture” capital
growth through property renovations or development.
Residential
investment is a game of finance with some houses thrown in the middle.
Taking on debt
is not a problem. Not being able to repay debt is an issue, meaning cash flow
management is a critical part of wealth creation.
And it’s important to understand the three types of debt
· bad debt against depreciating items;
· necessary debt, such as the non-tax-deductible debt
against your home; and
· good debt against appreciating assets like
income-producing residential real estate.
RealRenta has all the tools that a property manager has but for
less than ¼ the cost of a property manager.
Join now and the cost is less than a cup of coffee a week to manage your
rental property.
RealRenta also has a free vision, so why not check it out
Jason Gwerder
Tuesday, 28 February 2023
