- My Forums
- Tiger Rant
- LSU Score Board
- LSU Recruiting
- SEC Rant
- SEC Score Board
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Advice with buying a starter home
Posted on 11/14/13 at 10:36 am to pottymouth
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?
Posted on 11/15/13 at 7:56 am to jp90
I wouldn't think its too ambitious. I was your age when we purchased our first house. We keep our houses when we move and rent the old houses out. It may take a long while but by the time we are retired I would like to have 5-10 houses that are providing us with a good income through retirement.
Popular
Back to top
Follow TigerDroppings for LSU Football News