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Updated over 5 years ago on . Most recent reply

Nia Lee's profile image
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Nia Lee
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Rental property in Manhattan,KS

Nia Lee
Posted

I want to buy a rental property in Manhattan, KS which will be primary home for few years. I was looking around Nortfield area in Fort Riley county.Is it good area for investment as a rental property for future?

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Jerry Padilla
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Jerry Padilla
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  • Rochester, NY
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Jerry Padilla
#5 Classifieds Contributor
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  • Rochester, NY
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@Nia Lee

If you are purchasing a property to live in, even if it is a multi-family, it is still your primary residence not a rental. We would need more details on the scenerio. If you would like it to eventually be a rental property, than figure out market rents and what your mortgage payment will be. It will have to cash flow at a rate you feel comfortable.

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