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The Pros and cons of becoming a landlord
The Pros and cons of becoming a landlord
The Pros and cons of becoming a landlord
Hi ,Purchasing a home is one of the most significant financial decisions in your economic trajectory.The pros are endless…A sense of achievement and security, freedom from rent, a possible source of income, and an opportunity to build equity.However, being a homeowner comes with a string of responsibilities that many find challenging…Maintenance, regular upkeep, and heavy mortgage payments may take off a massive chunk of your monthly income. Before buying a home, ask yourself how much you value the idea.Does this purchase benefit you financially? And…Does the mortgage exceed 28% of your monthly income?The latter is because if your mortgage exceeds 28% of your monthly earnings, you might find it hard to make payments regularly.Discuss your aspirations and situation with an independent professional like a Real Estate lawyer or financial advisor before taking the big step.And, of course, if paying security deposits and rent is much easier for you…You can consider alternative opportunities in Real Estate.The article below explains these alternatives in detail.Click the button below to learn more.
With Love💚Bisi from Keble.
