Buying rental property for first time buyers???
By sheenac1983
@sheenac1983 (63)
Canada
February 20, 2007 8:28pm CST
Me and my boyfriend have been looking into buying a house and I think it would be a good idea to buy a rental property first, fix it up, and rent it out, to make some money (while paying for the mortgage). Would it be a good idea, or would it be a better idea to buy a house to live in now, and possibly, if the money allows, buy a rental property in the future.
What are your thoughts on the idea?
1 person likes this
1 response
@SavingDiva (45)
• United States
18 Apr 07
Why don't you buy a duplex? You can earn equity with a place for you and a place to rent out.
