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Message
re: Need advice on buying a rental house
Posted on 2/16/17 at 9:59 am to MLSter
Posted on 2/16/17 at 9:59 am to MLSter
quote:
I guess I'm not really buying it with the idea of making money. I'm buying it for myself but it won't hurt to rent it while I'm not in town?
I'm not sure you will break even renting to college students in those areas. A $300k house is going to be like $1500/month mortgage/tax/insurance. Plus maintenance and whatever you are paying the person watching the house for you.
Why not just wait until you actually move back? Presumably your credit will be improved and you will have more to put down.
1
Posted on 2/16/17 at 10:08 am to tom
(no message)
This post was edited on 11/28/17 at 10:09 pm
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