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Updated over 2 years ago,

Account Closed
  • New to Real Estate
  • Grants NM
2
Votes |
8
Posts

Investing Off Disability

Account Closed
  • New to Real Estate
  • Grants NM
Posted

Looking for a potential partnership to get the ball rolling on my path towards getting off disability with rentals. Disability said that if I am recieving passive income via rentals, it won't affect my supplimental income. I'd lose my $300 a month but not my $500. This gives me an opportunity to use rentals to invest my way off of disability. If I use an FHA loan with 20% down on a duplex, I could rent out my currently occupied home for more than the mortgage payment of the duplex. I'd live in one unit for 12 months and recieve rent from one unit. After 12 months I'd move back to my current home and rent out the second unit. Unless there are better options out there?

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