guy is this a low risk idea or investment?
and how possible would this be to buy a house rent it and sell it when the equity builds up
how realistic would it be to make a fair chunk of change off this
2006-12-27 09:40:05 · 7 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
It is definitely realistic to do this. Making money off of it in the short run is not too realistic, though. Most people who own properties keep them for many years, then you can make some good money from them.
I'd say it is also somewhat low-risk, as it's rare, over the long run, that real estate goes down in value. You just have to maintain the properties.
Good luck!
2006-12-27 10:17:08 · answer #1 · answered by trblmkr30 4 · 0⤊ 0⤋
you almost actual have an guaranteed Shorthold Tenancy (AST). All tenancies interior the superb few years have immediately been an AST until eventually specifically reported to be some thing else. and also you many years beforehand that maximum tenancies were specifically reported to be ASTs. the reason behind that is that maximum landlords and maximum tenants like the flexibility this kind of settlement provides. you seem to be interior the minority and are prepared to stay lengthy-time period and develop the sources. there's a "criminal rfile" which will enable this - a diverse kind of tenancy, probably a collection time period employ for numerous years. besides the indisputable fact that, that is truly not likely that the owner will conform to furnish you extra rights interior the sources because he probably likes the range of settlement he presently has with you.
2016-12-01 05:52:26 · answer #2 · answered by jaffar 4 · 0⤊ 0⤋
Yikes, a young wealthy person who can't spell or write a complete sentence. So much for the cream rising to the top...
2006-12-27 10:40:49 · answer #3 · answered by Cardinal Rule 3 · 0⤊ 0⤋
I am a property manager. Unless you are a handyman and able to do repairs yourself or can cover turn over and maintenance costs this is not advised. Too many people think they can do this and they end up sued by tenants or fined by the city for various code violations.
2006-12-27 09:45:11 · answer #4 · answered by MG 3 · 0⤊ 1⤋
Spelling is important... buy an education instead of a house. It will be worth more in the long run.
2006-12-27 09:45:23 · answer #5 · answered by John Stamos 3 · 1⤊ 0⤋
if you are handy with a hammer and nails there is money to be made in that business
2006-12-27 09:52:42 · answer #6 · answered by bayareart1 6 · 0⤊ 0⤋
Maybe you should first learn how to spell and use punctuation.
2006-12-27 09:43:33 · answer #7 · answered by Mark O 1 · 1⤊ 1⤋