Updated almost 2 years ago on . Most recent reply
New to investing
So I have this idea about starting a rental business. I have a guaranteed renter who gets section 8 and I could use them to get my portfolio started. I don't have the money right now to buy a property to fix and then rent but was told it's still possible. Where do I even begin?
Most Popular Reply
Abigail,
House hack.
That's the best place to being. Buy a duplex or more, live in one, rent the other. Eliminate your current rent or mortgage.
Also, I wouldn't rent to a friend. One guaranteed renter on section 8 doesn't really mean much. There are plenty of renters out there. I say this like I would say it to a friend.
House hack is the ultimate start! Good luck!