The premise that we have always heard to ensure passive income, mainly in retirement seeking to live on income seems to be a reality, but perhaps not for all people.

The idea that Gianco Abundiz develops in Indigo Report, points out that this statement partially contains some truth, but you have to be careful with some details that become even more important when events such as the COVID-19 pandemic occur.

Outside of the matter of buying and selling real estate generating capital gains, the idea will focus on buying a property so that I can literally live on my income.

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Three questions you must answer to know if this business is for you.

First: how long will it take to rent the property? Every day that passes without renting is money that you are losing, and when the supply is excessive, as is happening with the health crisis, it will be more likely that perhaps even months will pass without you receiving income.

Second: will your tenants pay the corresponding monthly payment in a timely manner? It can become a headache when they fail to comply with their commitments, and even if they have a guarantee, a guarantee, among others, they undoubtedly generate inconveniences.

In extreme cases resorting to legal instances is the way out, with special care in the residential issue that does not suffer from other elements make us reconsider certain actions.

Of interest: What to consider before renting a property?

Third: what guarantee do you have that they will not destroy the property? Even with contracts signed many times, getting out of a complicated tenant on time is the best profit.

That is why the idea of designing a rental income via property rental at the end of the day should be considered like any other business, and therefore approaching people who are experts in the field helps us minimize the probability that something will go wrong.

Find a balance between financial investments (institutional instruments) and non-financial investments like the one exposed in this article, always taking into account the golden rule of investments: diversification!

In Solili you can check apartments available for sale in Mexico City, Guadalajara and Monterrey

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