Real Estate Glossary | What is Income Property??

Q: What is Income Property?

A type of real estate that is purchased with the intention of earning income from it, usually through rental payments. This could include apartment buildings, retail spaces, and other properties that generate income for the owner. Income properties can include single family homes, multifamily apartments, commercial buildings, and storage units. These types of properties are attractive investments for many investors because they provide a steady income stream and are often less volatile than other types of investments. Income property can be a great way to build wealth over time and provide a retirement income.

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