Anybody own rental properties?

[toomanycamaros]

@Cossey

I almost bought a rental property and was glad I didn’t. Some others would disagree with this, but I’m not much into real estate investments yet.

I would personally never buy a duplex and live in one unit and rent the other. The main reason being it’ll still feel like you’re in an apartment, but when there’s any issues your tenant will be knocking at your door at any given hour of the night. Plus I do not want the responsibility.

I’d also hate waiting to find a good tenant. Soooo many scumbags out there that wanna rent for cheap (to me, $650 is pretty damn cheap depending on square footage of the place and amenities) and you’ll spend soooo damn long going through the eviction process if they don’t pay up.

You need to think of location as well. Do NOT forget that your location will often depict the tenants you will encounter. If you get a duplex on say, McClellan in Sch’dy, expect to have Bubb Ruub give you the w000t w00000t all the time.

Most of the points you made are some of the stuff I’ve been thinking about. As far as the still living in an apartment thing thats the main make or break for me and the wife, but it’s more of a means to an end cause we can’t afford to build what we want for atleast another few years. Doing this would atleast benefit us quite a bit more fiancially.