Sometimes YES. And sometimes NO.
That's where I come in.
Depending on the specific market you're shopping in, a smart investment property (or 2 or 3!) can put you well on your way to achieving the highly sought after "passive income".
But it's complicated and there are many variables.
One basic consideration is the 1% Rule. This means you should try to invest in properties that bring you a monthly profit of at least 1% of what you paid for it (plus any improvements).
And don't forget to consider expenses like property taxes, property management, and general upkeep.
There are risks involved too - and I can help you analyze and minimize.
I can help you find investment properties in California and in Utah (St. George & Park City) or refer you to one of my agent friends if you are looking in other areas. I can also help you with property management!
And if you're not quite ready to take on another property, you may want to consider an ADU - Accessory Dwelling Unit. I'm a certified ADU specialist and I'd love to help you. See my ADU page for more info.