Creating a second income is always a good idea and even Warren Buffet once said “Never depend on one source of income”. Second income is also necessary for a decent and comfortable Retirement which is another concern for all and especially those who are not covered by retirement benefit schemes. Rental income is one such avenue.
One of the biggest charms of buying a property is to generate a rental income. Sounds good, buy a house and rent it out!! And thing which cannot be ignored is that Indians love to invest in something which has a physical presence may it be gold or property.
But is rental income a good idea? Is it wise to depend solely on rental income for above mentioned needs? In this article, we will discuss all the pros and cons of buying a property for rental income.