I wanted to buy a house that is 3 stories with a finished basement. I wanted to renovate it so I could make a bunch of smaller rooms ( get rid of the living room, dining room, make the basement 3 rooms etc) and rent it out. The place is near public transit, a huge university, and there are alot of factories that are on route near the street I'm buying the house at.
Now to do this, I'm taking out a huge mortgage, about 380 000 and I hope to make money so to pay off the monthly payments and to have extra cash as well. I could probably fit around ten people in the house. charge 600 bucks each. What do u guys think. Am I breaking any major laws. Can my renters screw me over, and any thing else you think I'd find useful. Thanks in advance
2007-12-11
17:19:28
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5 answers
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asked by
kerr to u
2
in
Renting & Real Estate