A recent article in the Wall Street Journal (reposted on Realtor.com) says vacation-rental ownership among young adults is on the rise across the country. They look at several young people who find that rental income is worth it despite the challenges involved – such as lack of credit history, student debt or limited time to save for a down payment. Indeed…
“I believe real estate is the safest and most sustainable way to grow wealth,” says Mr. North, who purchased the house in the high $200,000s. He started renting out his place the first week the pandemic hit.
“Housing is so hot right now,” he says of his side hustle. “It’s good to diversify my assets.” This year, Mr. Benner is forecasting $33,000 in revenue. He hopes to earn 10% of the property’s purchase price annually.
Click here to read the full story at Realtor.com.
Click here to read the full story at the Wall Street Journal.
