Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

61
Posts
46
Votes
Patrick Crehan
46
Votes |
61
Posts

Turning my single family into a rental. What to expect?

Patrick Crehan
Posted

I fixed up a single family in an upcoming neighborhood recently and have been living in it for a little bit. The plan is to sit on it, rent it out while it gains equity when I move out in a few months. ( I am purchasing another property to settle in)

I never owned a rental and will be land lording for the first time. For a single family house, what problems or situations will I most likely run into? What were some situations novice landlords had renting out their single family for the first time? The property is old (1913) but I updated it mostly (plumbing, HVAC including heat and ac, new ducts new roof, plumbing fixed flooring redone.) Any responses negative or positive are accepted. I can’t wait to see what you all have to say!

Most Popular Reply

User Stats

266
Posts
220
Votes
Javier D.
  • Investor
  • FL
220
Votes |
266
Posts
Javier D.
  • Investor
  • FL
Replied

@Patrick Crehan

What did you pay for it?

How much of it is your cash including repairs vs mortgage?

What are your expenses?

How much does it rent for?

Might be good to figure out if your money would be better off in a bond or a stamp collection or putting it all on black.

Loading replies...