Listen Now: Rental Property
Owning a rental property is a good way to earn extra income, but where to buy?
As a landlord, you get paid to own something. The mortgage is usually paid by your tenants and in some cases you can profit from insurance and maintenance costs. But that doesn’t mean every country or city is an ideal place to rent your home.
Some areas have higher property taxes than others, some countries restrict foreign investors and some markets don’t have enough renters to keep your roof over someone else’s head. But if you’re looking to expand your real estate portfolio, Business Insider has a list of the twenty-five best countries to buy based on potential return.
The site looked at three factors; average monthly rent, rental income tax rate and average rental yield. For example, Turkey comes in at number twenty-five on the list with an average rent of $1,100 and a 3.6% increase of your investment. To see the full list, check out the original article on Business Insider.
Investing in rental real estate can be tricky, and rewarding.
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
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