Mika
VIP Contributor
If you want to launch your own business, you will have to do a lot of research but the most important area that your research should cover is related to the low-risk business idea. What business niche do you think has a low risk? Or let’s say which business has the high success rate?
In my opinion, as well as research, the rental property business is a low-risk business.
Investing in property and then collecting rental income is one of the highly successful business ventures. It is also a passive income source because you will continue to generate income without working. Actually, more money has been made in real estate than in all industries combined.
The rental property business has a success rate of 85 percent based on US Bureau of Labor data. There is a cash flow as you receive rent every month. You can even pay off your debt or mortgage from the rental income. Last but not least the value of your property will appreciate over the years.
In my opinion, as well as research, the rental property business is a low-risk business.
Investing in property and then collecting rental income is one of the highly successful business ventures. It is also a passive income source because you will continue to generate income without working. Actually, more money has been made in real estate than in all industries combined.
The rental property business has a success rate of 85 percent based on US Bureau of Labor data. There is a cash flow as you receive rent every month. You can even pay off your debt or mortgage from the rental income. Last but not least the value of your property will appreciate over the years.