Investing in rental property is a good way to create a long-term income steam in retirement, and Jason Hartman offers sound advice to show you how. But what kind of rental property provides the best return on your investment? Depending on factors such as the market and location, for many new investors, the answer might be a duplex or triplex.
Buying a rental property with a fixed rate mortgage can create a passive income stream with numerous tax breaks. Choices include the traditional single-family home, condos or even, for more ambitious investors, apartment complexes. But often overlooked in this array of choices is the humble duplex –two small independent dwellings joined on the same property. Variants include the triplex or even quadruplex, but the principle is the same.
