So many of us in the personal finance world are chasing the dream of passive income. One way that a lot of people achieve this is through rental properties. I have to admit, I’m a big fan of both passive income AND rental properties. However, a few years ago the hubs and I bit off a little (Read: A LOT) more than we could chew when we tried to buy a rental property in a state that we were not living in! The banks threw all the paperwork they could possibly find at us. Think we were able to do it?
I share our adventures (and most definitely lessons learned!) in buying an out-of-state rental property over at Vosa.com!
Photo credit: Eric Fischer