KEY TAKEAWAYS :
Purchasing an investment property to earn rental income can be a risky venture.
Similar to purchasing a home, buyers will usually need to secure at least a 20% down payment for the property.
Being a landlord requires a wide range of skills, which could range from understanding basic tenant law to being able to fix a leaky faucet.
Experts recommend having a financial cushion, in case you don’t rent out the property, or if the rental income doesn’t cover the full mortgage on the property.
