When most people plan on buying a home, they only consider how much to save up for the downpayment. But they forget to consider the expenses that they need to continue paying to hold on to the property! In fact, even I was confused at how much everything cost and what I had to pay for. Besides paying for the mortgage, I was told that I had to pay for insurance and property taxes. 🌊 And I was even more surprised to find out that the property I purchased was in a flood zone, and my lender required that I buy flood insurance as well. But does that mean that real estate is a bad investment and a money sink? Not at all! By purchasing a property that gives you more income its monthly expenses, you will be able to generate consistent passive income. All the while, being able to own an asset that appreciates in value over time. ✅ If you want to learn more about real estate investing then register for my free rental property webinar through my 🔗link in my bio!