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re: Buying A Rental House?
Posted on 9/14/14 at 11:01 pm to bogart
Posted on 9/14/14 at 11:01 pm to bogart
Why would you hire a management company if your parents are the renters? You shouldnt need more than a home insurance policy that covers renters. Screw a LLC if you rent it to your parents. I would have them pay rent in cash too. The mortgage company is probably going to charge you an extra 2% on top of the going rate if it is for rental property.
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