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Updated over 8 years ago on . Most recent reply
RENTING 1 HOUSE TO MULTIPLE PEOPLE
I am a 17 year old with (obviously) no experience in real estate, I was wondering how I could go about renting one house to multiple people. would I have to make one person the head of household, or could I simply collect rent from each person individually? I ask because I have this really interesting idea to rent out one house to a bunch of friends (they're willing to and have the means). how would I go about this?
Most Popular Reply
- Tax Strategist| National Tax Educator| Accepting New Clients
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Well...you're not old enough to legally own a house. So...Step one is waiting until you're 18.
Step 2 is changing your profile photo to one that's more professional, maybe where you're clothed. This isn't tinder.
Step 3 would be this is called house hacking. A lot of people do it but renting to friends is always a terrible idea.
