Jeremy has almost $300,000 in student loans, and he’s wondering if he should buy rental properties as an investment. He called in to The Ramsey Show for advice. #moneytok #moneyadvice #rentalproperty #studentloandebt
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A rental property can be a great source of extra income, but it isn't passive. You've got to market it and keep up with maintenance and cosmetic updates if you want it to pan out as a source of income. It takes time and effort to decide how you'll rent out the property and how to manage it—unless you hire a property management company, but you'll still have to manage them. It's a good idea to buy a property somewhere that's convenient for you to visit so you can personally keep an eye on it. #re
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