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SVTPerformance's Chain of Restaurants
Road Side Pub
anyone own any rental homes?
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<blockquote data-quote="Outlaw99" data-source="post: 12767138" data-attributes="member: 6069"><p>a few years back....i had 3 rental homes. i looked for people going thru a divorce, lost job...people that wre in serious financial trouble so i could pick up a house cheap. with in 5 years i was able to pay off 2 of them. the income generated from the rentals paid the mortgage on my big home.</p><p></p><p>i was very selective in who i rented to. I was an LEO at the time and had access to backgrounds records and such. i would make them provide me a credit report and it helped that i just happened to be in uniform when i interviewed them. put everything in writing. allow a minimum of 2 walk thru inspections a year and dont rent to singles or a guy and a girl shacked up together. rent to older married couples that are stable. never take the " we are engaged" line. </p><p></p><p>have a bank account aside from your personal account for deposits and expenses. its not cheap.</p><p></p><p>good luck.</p></blockquote><p></p>
[QUOTE="Outlaw99, post: 12767138, member: 6069"] a few years back....i had 3 rental homes. i looked for people going thru a divorce, lost job...people that wre in serious financial trouble so i could pick up a house cheap. with in 5 years i was able to pay off 2 of them. the income generated from the rentals paid the mortgage on my big home. i was very selective in who i rented to. I was an LEO at the time and had access to backgrounds records and such. i would make them provide me a credit report and it helped that i just happened to be in uniform when i interviewed them. put everything in writing. allow a minimum of 2 walk thru inspections a year and dont rent to singles or a guy and a girl shacked up together. rent to older married couples that are stable. never take the " we are engaged" line. have a bank account aside from your personal account for deposits and expenses. its not cheap. good luck. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
anyone own any rental homes?
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