Home
What's new
Latest activity
Authors
Store
Latest reviews
Search products
Forums
New posts
Search forums
What's new
New posts
New listings
New products
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Cart
Cart
Loading…
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Search titles only
By:
Menu
Log in
Register
Navigation
Install the app
Install
More options
Change style
Contact us
Close Menu
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
Interested in hearing from people who rent out property
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="blownstang4.6" data-source="post: 16204624" data-attributes="member: 129006"><p>I'm the one who posted the info about buying a multi unit property. Definitely do it if you could deal with the occasional maintenance and phone calls. I bought my 3 unit while I was still living with my parent. A little over a year later I bought my single family house and spent 9 months renovating it every weekend. My rental covers its own mortgage, insurance, tax, and half of my single family. If my taxes on the rental weren't so high it would almost cover my entire single family. I akso toss in a couple hundred extra dollars a month to pay off my personal residence. I cover repairs in full as they come up. I'm paying $1000/month out of my own pocket to own two properties. The biggest hurdle is saving up the down-payment (25% on a rental property that you don't occupy in order to not pay pts), but since you're living at home that shouldn't be too difficult if you've been pretty adamant about saving.</p><p></p><p>In my area a single family house as an investment is not a good value unless you get it cheap. On a single family house if rent can cover that entire house then you're doing good. I think it's easier to find a tenant to rent a 3 bedroom apartment for $1300 vs a 3 bedroom house for $2000. If you have 3 similar sized apartments in your property that's $3900 a month.</p></blockquote><p></p>
[QUOTE="blownstang4.6, post: 16204624, member: 129006"] I'm the one who posted the info about buying a multi unit property. Definitely do it if you could deal with the occasional maintenance and phone calls. I bought my 3 unit while I was still living with my parent. A little over a year later I bought my single family house and spent 9 months renovating it every weekend. My rental covers its own mortgage, insurance, tax, and half of my single family. If my taxes on the rental weren't so high it would almost cover my entire single family. I akso toss in a couple hundred extra dollars a month to pay off my personal residence. I cover repairs in full as they come up. I'm paying $1000/month out of my own pocket to own two properties. The biggest hurdle is saving up the down-payment (25% on a rental property that you don't occupy in order to not pay pts), but since you're living at home that shouldn't be too difficult if you've been pretty adamant about saving. In my area a single family house as an investment is not a good value unless you get it cheap. On a single family house if rent can cover that entire house then you're doing good. I think it's easier to find a tenant to rent a 3 bedroom apartment for $1300 vs a 3 bedroom house for $2000. If you have 3 similar sized apartments in your property that's $3900 a month. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
Interested in hearing from people who rent out property
Top