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Thread created 10-03-2012 by iwheela
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If this property is a long distance away from where you live, you'll need to use a property manager as managing it from a long distance away isn't financially or practically wise.
Home Investment
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Thread created 10-03-2012 by iwheela
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How far away is the home from where you live?
Is it a duplex?
Is it in a neighborhood or on a street that is primarily (75%+) owner-occupied?
Just because they say they're good tenants (what...
Home Investment
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Thread created 10-03-2012 by iwheela
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What is the total cost of ownership? Seems like it is worth investing, even if you have to pay 1 month's rent to a local property manager.
BTW: Why aren't the renters interested in buying it? They...
Home Investment
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Thread created 10-03-2012 by iwheela
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Sounds like a bad idea.
You stated you're not really looking for something like this...and you're far away.
Being a long distance landlord doesn't sound appealing. If you were just going to...
Home Investment
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Thread created 10-03-2012 by iwheela
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$1000 rent role on a Single Family w/ Accesory unit for $30,000?
That statistic can't be beat, however, do your due diligence as sometimes when things sound too good to be true they usually are.
Home Investment
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Thread created 10-03-2012 by iwheela
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Thanks for the input everyone. The days of being a long distance landlord as a negative thing are long gone I think. I have a friend who owns 8 homes, all 2000 miles from where he lives. You can...
Home Investment
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Thread created 10-03-2012 by iwheela
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Hi all,
I have been looking at expanding my current business to a different state that I live in now. While looking where to put up shop, I always look for real estate to live or rent. By...
Home Investment
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Thread created 10-03-2012 by iwheela
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All houses need repairs. It's just a matter of severity and priority.
Rented out for $1000 including what? Utilities? Telecom? etc etc.
As said above, you need a bunch more information,...
Home Investment
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Thread created 10-03-2012 by iwheela
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You also have to wonder why if the house is so cheap, and the rent is so HIGH, the renter doesn't just buy the house themselves. Heck, for that price they can live it it for 5 years, never do a lick...
Home Investment
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Thread created 10-03-2012 by iwheela
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This.
Renters can be a major PITA. You know how much stuff can go wrong in a house? Imagine that multiplied by the factor of a tenant who often feels they're not responsible for things since...
Home Investment
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Thread created 10-03-2012 by iwheela
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Ok, I was going to keep my mouth shut, but the fact is that the only properties in that price range that make that sort of cash are typically slum properties. Yes, it's true that even here where I...
