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INVESTING IN RENTAL UNITS, WHAT ARE THE PROS AND CONS?
Investing in rental units can be a lucrative investment strategy, but like any investment, it has its pros and cons. Here are some of the key advantages and disadvantages to consider: Pros: Steady cash flow: Rental properties generate regular income through rent payments, which can provide a stable source of cash flow. Appreciation: Over time, the value of a rental property can increase, allowing you to sell it for a profit in the future. Tax benefits: Rental property owners can take advantage of tax deductions, including mortgage interest, property taxes, and repairs and maintenance. Diversification: Rental properties can be a good way to diversify your investment portfolio, as they often have different risk and return characteristics than other asset classes. Leverage: Rental properties can be a good way to leverage your money and increase your returns, as you can finance the property with a mortgage and benefit from both the rental income and any appreciation in the