Buy houses or apartments for rent and earn residual income as a profitable business idea

Profitable investments there are some options in the style of Kiyosaki, for example one of them might be to buy houses or apartments for rent and can get residual income.

Not all people have enough money to buy a house or an apartment in cash or cash, reason why many opt to buy houses to credit.

However this is not an obstacle to invest in this profitable business idea, but it must be done with a previous study and taking preventive measures in the case.

The first thing that should be analysed in the case of buying a house or apartment to credit is the monthly payment of fixed quotas for the provision of housing to which we are going to access.

If for example the provision of housing has monthly payments of US $500 then we must also analyse our ability to payment, clear that the idea is not to pay your fees with our monthly income, but for reasons of possible unforeseen must always have this controlled variable in order to make payments should arise such disadvantages.

The latter would be set or define the price of rent of the new house or apartment that we think to buy on credit, or already have in our hands.

If the price of rent in the area for example is US $500 or more then our monthly installments of the housing loan may be paid by payments of rentals of our landlords.

Please note that it is also usual to pay a tax on rents for what this cost should also be included in our calculations of cost/benefit.

If the price of rent of the House or apartment of the example is more than US $500, then the difference between the rental price and the payment of contributions will become a monthly residual income.

Perhaps you might wonder then why not all do this type of investment or business, and the answer is simple; Why not all are solvent or have a clean credit history, or they may have a capacity payment in case of unforeseen.

Remember that not all can access loans of housing with ease as usual is to have a minimum availability of 10% of the total value of the House or apartment for the payment of the down payment of the loan.

Nor can be this kind of investment in any place because there is not always that difference between the cost of rents and dues of housing loans, but that is dan… occur.

This type of investment or business is one of the more intelligent ways to invest and earn residual income with a minimum initial investment.

Have a wonderful day.

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