I would hopefully one day like to buy a house and use it to start renting out houses for a living. When the first gets to doing good business. I would like to by a couple more and rent them also. I would like some imput from people who have been successful at this.
2007-08-06 11:09:36 · 3 answers · asked by virgojt1964 1 in Family & Relationships ➔ Family
There are alot of people who do this. Remember though, it takes money to make money. You will have to do all repairs on the house(s). Maybe you could go in with a good friend or relative and get someting started. You need to learn the laws that go with renting out houses. Study up on this and see where you go from here.
2007-08-14 10:38:43 · answer #1 · answered by The pink panther 5 · 0⤊ 0⤋
Since your new to this game there is two very important factors you most consider. One is location, there is no use in getting a house that no one is going to rent. Second is the renters, no use gettin renters you can't trust. I have a family friend who has been doing this to great success for most of his life. The secert. HOUSE NEXT TO SCHOOLS!!! Thats right find houses within about 2 miles of a elementary/highschool and you'll have plenty of people going have that location. Besides that family people are usually the best people to trust to take care of there businees. Just check refrences and don't do people favors, this is your livly hood!
2007-08-07 07:44:41 · answer #2 · answered by Brutal Honesty 7 · 2⤊ 0⤋
hi, in the adventure that your from the U.ok. the main suitable places to seem are on your interior of sight paper. right here you will locate a lot of diverse residing house and flat sizes as nicely as diverse places, and are many times interior the housing or 'to lease' section. yet another decision is to circulate to an sources brokers. a lot of those lease as nicely as sell homes. maximum landloards ask for a months lease upfront and a months lease as a deposit
2016-12-15 07:33:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋