How to Build a Rental Property Portfolio that Generates Passive Income.
How to Build a Rental Property Portfolio that Generates Passive Income Passive income is the income that you earn without active involvement or work. Passive income can provide you with financial freedom, security, and flexibility. One of the best ways to generate passive income is through real estate investing, specifically through building a rental property portfolio. A rental property portfolio is a collection of properties that you own and rent out to tenants. A rental property portfolio can generate passive income through the monthly rent that you collect, as well as through the appreciation and equity that you build over time. However, building a rental property portfolio is not a simple or easy task. It requires planning, research, financing, management, and patience. In this, we will share some of the steps and tips that you need to follow to build a rental property portfolio that generates passive income. Step 1: Define Your Goals and Strategy The first step to bui...