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Updated about 8 years ago,
Rental property investment for retirement
Is it a good investment if one rents out after buying houses on the mortgage? A friend of mine asked me if it would benefit him if he buys apartments on an investment property mortgage and rents out.
I read on this page one can reap its benefits only after some years. http://www.mortgagesmortgages.ca/mortgage-options/... He wants to be able to profit from it after 10 years. He thinks of it as a retirement plan.
Any suggestions on this?