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re: Advice with buying a starter home
Posted on 11/12/13 at 11:02 pm to jp90
Posted on 11/12/13 at 11:02 pm to jp90
Please try to build up some savings before or soon after you buy.
You will avoid a lot of stress and heartache if you have some money set aside to cover your a) named storm deductible, b) a new a/c, and/or c) a new roof.
Sure, there is credit available for these purchases/expenses, but do you pay your regular bills with credit? Don't do it with these inevitabilities either.
You will avoid a lot of stress and heartache if you have some money set aside to cover your a) named storm deductible, b) a new a/c, and/or c) a new roof.
Sure, there is credit available for these purchases/expenses, but do you pay your regular bills with credit? Don't do it with these inevitabilities either.
Posted on 11/14/13 at 10:36 am to pottymouth
Found a property that is still fairly small and within the said price range, but has a guesthouse behind it (small kitchen,living,bed,bath). With that being said...
I've always wanted to get into real estate and was considering setting up an LLC at some point. Start to rent out the guest house as well as a room in the main house and just keep it as a rental property once I move out. Eventually grow with a couple other properties.
I know it sounds pretty ambitious and isn't an easy undertaking in the least.
I'm sure there are ppl here who have done something like this. What are the biggest challenges/ liabilities?
I've always wanted to get into real estate and was considering setting up an LLC at some point. Start to rent out the guest house as well as a room in the main house and just keep it as a rental property once I move out. Eventually grow with a couple other properties.
I know it sounds pretty ambitious and isn't an easy undertaking in the least.
I'm sure there are ppl here who have done something like this. What are the biggest challenges/ liabilities?
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