Hot List for Income Property's  These property's provide an income

The beauty about rental income properties is that you are making money using OPM: (Other peoples money) the bank's money (i.e. via a mortgage loan), and via your renter's rent money (i.e. the person paying the mortgages and property bills on your behalf).  Obtaining a mortgage from a bank is a fairly simple process and bank's love to loan out money especially when it comes to real estate - I can't think of another investment whereby a bank will spot you up to 80% or more of the total investment amount so easily (typically banks require 20% down payment for a rental income property). Further, the rent on a good rental income property should cover all or most of the expenses related to your property including mortgage payments, property taxes, and insurance.  As long as you can keep your place rented, and as long the property is in a good area you are likely to profit handsomely over the long term while leveraging OPM.

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