mangodance
Dryer sheet aficionado
- Joined
- Mar 22, 2005
- Messages
- 26
We are in the prelim stages of talking to our landlord about buying the building we're in (an 8-plex). Not sure if it will happen. But we want to get into rentals as a way to suppliment our ER plan.
We would plan on living in the building for somewhere between 7-10 years. ..and hope to pay off the building by 15.
So, I've been reading various posts from the last few years. But in anutshell, do any of you landlords have some tips? Any rules of thumb on price vs. rents? etc
I credit this board for the interest we have in rentals. I'm hoping to get in slow by living in the 1st one we buy, and not buy others until we're paid off on this one.
Also, if there is a another forum for just landlording, that y'all might feel would be a beneficial suppliment to this one, please let me know.
We would plan on living in the building for somewhere between 7-10 years. ..and hope to pay off the building by 15.
So, I've been reading various posts from the last few years. But in anutshell, do any of you landlords have some tips? Any rules of thumb on price vs. rents? etc
I credit this board for the interest we have in rentals. I'm hoping to get in slow by living in the 1st one we buy, and not buy others until we're paid off on this one.
Also, if there is a another forum for just landlording, that y'all might feel would be a beneficial suppliment to this one, please let me know.