any good resources for this type of investing and becoming a landlord. where is a good place to learn about leases and the responsibilities of a land lord. Any good resources on ivesting in property would also be helpful.
Anyone have any experience buying a duplex as an investment property and used the rent $$ to pay the mortgage?
31
Mar
2 Comments
Posted in Uncategorized
Tags: anyone, Buying, Duplex, experience, investment, mortgage, property, rent, used
billyandgaby
March 31, 2010 at 11:44 pm
Each
State has different las
Run a search on Standard Lease Agreement and your State name.
You should fins a standard lease agreement for your state, which covers yours and the tenants responsibilities.
I boutght a house and lived there for a year and then started renting it. I pay 2400 a month for the house and get 1800 a month for the house. the difference is 600, but about 550 of that is going straight to the principal, so I break even. Eventully the principal portion will be much much higher and I will make out.
BP
David D
April 1, 2010 at 12:36 am
There may be something of use here.