would it be better to build it or find one to buy it? Honestly i don't know where to find any anyway i was thinking of buying to smaller homes that are next to each other and joining them and building around them is anything wrong with this? let me know your opinions thanks! But defiantely i want to own many homes one day how to go anbout this?
2006-12-28 18:51:11 · 2 answers · asked by bboyballer112 2 in Business & Finance ➔ Renting & Real Estate
Attaching them is going to be tough because the town has to approve and the cost will keep you from turning a profit for a long while. As for cash flow generation a 4 Plex is the minimum to really turn a profit.
Get a Real Estate agent to work for you. It won't cost you and they will do a lot of the leg work for you.
2006-12-29 00:38:32 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I would have to agree with the first posting. It would be nearly impossible "to connect" properties together.
First and foremost you need capital.
You can raise capital, if you are carpenter inclined, by buying a low end house (one you can get dirt cheap), renovate and resale (flip) the house for a substantial profit.
Personally, I would build my rental property, so I would not have the constant maintenance headaches of older properties.
Good luck!
2006-12-29 15:41:03 · answer #2 · answered by Jeffrey 7 · 0⤊ 0⤋