General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago on . Most recent reply
I want to rent rooms for my property
I'm planning on purchasing second SFH property and renting how the rooms instead of the whole property. I'm 26 Y.O. , me and my wife live downstairs and the tenants live upstairs. Their rent actually covering my mortgage plus some profit. I purchase my home last year 2016 in Oct and wanting to know if purchasing another SFH to rent out the rooms a good idea. I plan to buy in Oct-December. I plan to have 5-10 rooms. Did anyone doing similar to what I'm planning to do successful? Is it possible to purchase as a primary residence instead of an investment property to get lower interest rate? Can I down lesser than 20 percent? Thanks all the info will be great!
Most Popular Reply

You couldn't be more wrong
Buy it, move in and rent out all 10 rooms (legally) since it's owner occupied and the city/boro/town can't touch you.
I would say a net $4k increase per month in disposable income instead of renting would be a "path to riches"