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Updated over 4 years ago on . Most recent reply

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Alessandro Prioni
  • Manhattan, NY
4
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14
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Unusual rental property: advice needed

Alessandro Prioni
  • Manhattan, NY
Posted

I've come across an unusual house (pictures below and Zillow here) and I kind of feel in love with it :D

But it has to make financial sense as well, so I'm trying to understand:

  • How much below market rent would I need to be? Or will I be able to charge above market? And what about selling it?
  • Is it possible to get financing for this kind of property?
  • Do you need specialty contractors for repairs?

Thanks!

    Most Popular Reply

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    Will Gaston
    • Rental Property Investor
    • Columbia, SC
    2,214
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    Will Gaston
    • Rental Property Investor
    • Columbia, SC
    Replied

    @Alessandro Prioni I'd pass on it if you're looking for a long term rental. 

    It's my experience that people will take a chance on a quirky/weird property for a short amount of time (AirBnb or hotel) but are less likely to do that for a long term lease. 

  1. Will Gaston
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