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Posted by Real Estate Investor on Jul 02 | Real Estate Investing Chatter
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and Help! I have to rent out this house!? I recently moved into my sister and brother in law’s 4Br house in Colorado to watch it while they’re stationed in Mississippi for the military. They’re getting divorced now and my sister won’t give him her share of the mortgage. For him to make his $1,500/month mortgage payment, we’ll need to rent out the house. Luckily, the basement was almost finished so I was going to move down there and rent out the rest of the home. A house of my size in my area rents for about $1200-$1500/month, but the big yard is all weeds with no landscaping, the fence is broken, the garage is broken and filled with junk, and I have a washer but no dryer. My brother in law has no money or time now so I, a 19 year old min wage worker, am on my own. How much less should I charge them for me living in the basement? Will people still want to rent if I promise the garage or yard in a month? Which probIems should I fix first? Should I spend extra on buying and installing a washer and dryer for the basement so that they won’t have to share with me? Is it more profitable to rent out rooms individually? How do I protect myself from being screwed over because I don’t know anything about being a landlord?, more
and What percent of your income should go to rent for an apartment? Thinking of moving in with my gf and I wanted to know what percent of our monthly income should go towards rent. Any general rules? Thanks!, more
How will I know I'm ready to buy a house? I’m just curious if there’s some things that need to be in line before buying a house and how much should I have saved up and what do I have to keep in mind? You know how Suze Orman says DENIED to people on Oprah. Well, I don’t have a Suze Orman to look over my stuff and tell me. So how will I know?, more
and is it possible to buy a house around 400 to 500k? is it possible to buy a house that costs around 400 to 500 thousand making $50,000 every year?, more
Tags: real estate, repossessed, houses, homes
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