An income property is property bought or developed to earn income through renting, leasing or price appreciation. For many this property is even right on their current property and is rented out through one of the popular companies now like AIrbnb. The picture above is of a suite in the back of a recent listing of ours that is now Under Contract. The suite has a living room, full bath and kitchenette that the new owners could use for additional income by leasing it or renting it out occasionally through Airbnb.
In your home search have you considered putting the possibility for a income property on your wish list?
Or, investing in a home for that specific purpose?
If so, contact us today and let's begin the conversation of what that could look like for you and your desired area. Many homeowners make enough to significantly subsidize their mortgage and for some, cover it completely - wouldn't that be nice :).
If you need more convincing, check out this recent article in Curbed.com on the profit of some Airbinbs in Atlanta.