rcardin
Contributor
Which would you rather do?
Is it better to secure your properties under agreement for deed and carry the note or continually rent them out? I currently have my only investment property under agreement for deed on a 40 year note. It pays of in 10 so I should have some change coming in for retirement out of this house. Doing this I lost all of the tax benefits of being a landlord though.
We are looking for our next property to buy but don't know which approach to take from here. Section 8 is also a possibility for guaranteed rent payments.
Is it better to secure your properties under agreement for deed and carry the note or continually rent them out? I currently have my only investment property under agreement for deed on a 40 year note. It pays of in 10 so I should have some change coming in for retirement out of this house. Doing this I lost all of the tax benefits of being a landlord though.
We are looking for our next property to buy but don't know which approach to take from here. Section 8 is also a possibility for guaranteed rent payments.
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