New federal tax rules create advantage for real estate investment trusts
RTS Private Wealth Management | June 18, 2019
As Generation X and millennials inherit their baby boomer parents’ assets amid the so-called Great Wealth Transfer, some will look to invest it in rental property to generate income. This property might be a duplex, an apartment building or, depending on the location, a single-family house that could eventually become a retirement home. Yet many aren’t aware that because of the various costs and risks involved, becoming a landlord a role fraught with headaches may not turn out to be profitable.