Getting into your first rental house, as a landlord, is a big step...there're lots of people out there who make money with rentals, and as many (if not more) who found it a nightmare... You need to ask why the "professionals"--people in real estate for a living--haven't snapped up all these good ?? deals... rhouston is right on about renters often being a pig in a poke...you'd need to set up your purchase so you could walk away from it cost-free (no deficiency) if you couldn't get renters and couldn't carry the payments yourself...you need to be able to do most repairs yourself, to keep down expenses...do some research on being a landlord (forewarned is forearmed). If you've been influenced by any real estate ads or real estate people saying "... now's the time to get in on the ground floor..." don't forget they're not really unbiased observers... This's not meant to be dismissive-it really may be a good opportunity in your area-just a heads-up to do your homework first. (My parents had a rental) Good luck.
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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