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Updated almost 6 years ago on .

User Stats

48
Posts
14
Votes
Jonathan M Peters
  • Handyman
  • Mountlake Terrace, WA
14
Votes |
48
Posts

Turning rental properties into a business is it needed?

Jonathan M Peters
  • Handyman
  • Mountlake Terrace, WA
Posted

Hey everyone,

I have been thinking about this for a while. I'm really dumb when it comes to the people I should try and seek out to help me with the questions of: Why, When, How with a bunch of WHY?'s mixed in between when it comes to making a official business out of rentals.

I have 1- Single family home and 1- Duplex currently (besides my home I live in.)

I have just been looking for homes with low rents that I can pickup on the MLS and increase the rent to cover my loan to purchase them and cashflow 200+ for repairs etc. and eventually income if repairs are not needed.

Any advice/direction is greatly appreciated.