are you ready to get called on odd hours for complaints on home repairs? willing to work out more sweat for small extra cash? wiling to haggle price with tenants or pushing for rents?
if you do then maybe you can get a real estate investment to rent out. My mom did and she was lucky for finding a great tenant. while they haggle everytime contract ends (and I tell you it's such pain in the *ss) they pay on time every month and not much complaints are made. so yeah consider all the above and even much more problems before diving to it. Some people made it big from real estate investment .
Wed Oct 29, 2014 6:36 am
Peppermint0406 Contributing Member
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For me, real estate is one of the best ways to earn. It could be another source of income especially if one already retire from work. If you own the property, you could have two options , its either to have it rented by others or to use it for your own business. Whatever happens, it is still considered a valuable asset.
Thu Aug 04, 2016 6:09 am
jessaragen New Member
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quote:Originally posted by littleroc02us Is Landlording something you've been dreaming about doing for years or are you envisioning more of an investment that is long term? The reason I ask is renting isn't as simple as collecting checks. I am a handyman for a couple rentals and I get calls at different times of the day and week which can be a hassle. Plus when the water heater breaks and your the owner you'll need to cough up the money out of pocket. My brother in law bought a rental in Minneapolis for me to take care of and he won't make a profit in his first year of ownership, because the repairs have been numerous. Think about why you want to landlord and if it isn't your cup of tea, then maybe look into long term investing because 20k @ 8% for 30 years is 200k if you don't add anything else.
hiring a management company can solve this problem