Income Property

Aug 8

Historically, buying a condo or home in a vacation spot or owning a multi-family home nearby and renting it out has been a great way to create supplemental income. The tremendous rise in housing values has made this much more difficult. Couple these elevated housing values with rising interest rates and you have the recipe for a housing market correction at some point down the road. Be careful here as you could be left with a mortgage that is more than the value of the rental property when the market corrects next and the amount you can charge in rent may follow as well.

Consider all your options when seeking supplemental income and be mindful of the associated risks.

Kristofor Behn

Having built, operated, bought and sold several startups in a variety of industries, Kristofor’s has become a small business subject matter expert. Kristofor is now utilizing his breadth of experience to connect MetroWest consumers and business owners through his MetroWest Living Magazine platform. Combining the power of print, digital and email touches, Kristofor assists MetroWest business owners in showcasing their products and services to residents and looks to MetroWest Living readers to support local MetroWest business owners. This results in a stronger, more resilient Metrowest community.

Beyond his MetroWest Living Magazine platform, Kristofor is an instrument rated private pilot, an Ironman distance triathlete and author of ‘Succession or Failure’ the small business owners guide to value creation, exit strategy planning and capital extraction.

https://www.linkedin.com/in/krbehn/

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