Comments on: Have Renters Build Your Real Estate Wealth http://PassiveIncomeInvestor.com/real-estate-investing/have-renters-build-your-real-estate-wealth/ Building Wealth Through Passive Income Investments Wed, 23 Jun 2010 04:28:20 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Tapan http://PassiveIncomeInvestor.com/real-estate-investing/have-renters-build-your-real-estate-wealth/comment-page-1/#comment-56 Tapan Sun, 17 Aug 2008 19:57:44 +0000 http://PassiveIncomeInvestor.com/blog/?p=72#comment-56 Nice one. Yep this is what is termed as good debt in the book " How come that Idiot's rich and...." . There are some caveats though. First as you said rent should take care of mortgage, insurance, property taxes , etc. Second is that one needs to assume a few months of vacancy just for the peace of mind. Few years back when the house market was it peak it didnt make sense to own and rent and one needs to take account 'timing' in the market as well. Managing 10 rentals must have been quite a job for your father. Nice one. Yep this is what is termed as good debt in the book ” How come that Idiot’s rich and….” . There are some caveats though. First as you said rent should take care of mortgage, insurance, property taxes , etc. Second is that one needs to assume a few months of vacancy just for the peace of mind.
Few years back when the house market was it peak it didnt make sense to own and rent and one needs to take account ‘timing’ in the market as well.

Managing 10 rentals must have been quite a job for your father.

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