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Updated about 5 years ago,

User Stats

16
Posts
6
Votes
Nick Delfin
  • Michigan
6
Votes |
16
Posts

First single family home rental, how to plan for vacancy?

Nick Delfin
  • Michigan
Posted

Hi everyone! I am new to bigger pockets and I a looking for some advice.

I am looking to purchase my first single family home coming in 2020. I am looking to buy a home around 150k and rent it out.

My biggest fear is having long term vacancy.

I would have the money to pay for the mortgage when nobody is renting, however, I am planning on buying multiple homes in the future and then that won't be an option.

How does one overcome this fear and plan for it?

Any advice helps.

Thanks,

Nick

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