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Updated over 8 years ago,

User Stats

89
Posts
39
Votes
Yousef Reda
  • Investor
  • Winnipeg, Manitoba
39
Votes |
89
Posts

Should I buy a rental investment property for my brothers

Yousef Reda
  • Investor
  • Winnipeg, Manitoba
Posted

Hi my 2 brothers is currently renting and paying 1500$/month in a property owned by someone else. He has bad credit. I thought maybe I should get the benefit by investing in a property that he can live in and pay rent to me instead of some other random person. 

Is this a good idea? Or should I buy a rental property from a non family member. 

I know he will be consistant in payments. One thing is one of my brother is not the best with keeping things maintained. The other brother is a plumber so would fix issues on his own anyways. 

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