Covid changed a few things though...tenants didn't have to pay their rent for numerous months. They collected cerb but didn't pay rent. Landlords with mortgages were screwed if they couldn't make the mortgage payments how can this be prevented in the future. ?
Been doing this for the past 6 years, currently on my 4th home with 20+ rooms. Great cash flow I also have a free app that helps DIY landlords manage their household/room rentals
Renting out a house with roomates now, if anyone has any updated information on the possibility of using boarder income , please share ! It would be greatly appreciated and could be a game changer for myself and i am sure for others
I personally think your best option is finding someone that can seller finance, otherwise it will be hard to find a lender and if you do most likely it will be a very high interest rate due to the high risk.
Hello Guys! Love you program. I am looking into house hack myself but, the question that I have is the following. For the purpose of house hack by renting room or Purchasing units like duplexes or triplexes...Can you build them in a area where there is not to many option, or the option available are little to old properties? Thanks!
1-4 units is typically considered residential so you’d be good as long as the area you want to build in is zoned for residential. I’d always call the county or city planning department to confirm before purchasing.
