Once you pass, you can leave behind these investments for your survivors, who will have a nice little nest egg already set up for them. They can take over the management of your rental properties and have a cash flow without having to do the work of investing. They may even decide to take some of their money and make their own investments since the have learned from the best … you!
If you don’t want to take the time to rent out property, you can always put it up for sale once it is completed. Rental properties often bring in a large profit for investors and can be a great asset to their business. Remember to try and get a no money down loan so you will have less out-of-pocket cash to spend before you sell. What you do with your rental property is up to you, but keep in mind that laying a foundation for those we love is half the reward of becoming a success.