Topic: Buying rental property
Buying rental property
Need advice from any rental property owners out there–thinking about buying a 1bd condo to rent out. Are there tax benefits to doing this, or should we just put that money towards buying a place for ourselves. We’re currently renting, but got a good deal for a pretty nice place, but want to accrue equity in a place. Advice? Would a unit at the new Gibson building (1bd for 340k or so) be a good idea? I feel like that area is going to continue to develop. I totally understand that these are all guesses, but would like some input from others.