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Updated over 6 years ago,
does anyone have experience with Boarding houses?
Hello BP,
I’m starting my journey into real estate and I’m trying to figure out what niches might work for me. Today came across boarding houses and I thought this might be the way to go. I’m interested in having more than one door and I have been dancing around the idea of buying duplexes or quads, but I think boarding houses seem genius because it’s a single family so the loan would be easier to get and it not a large area to maintain.
My questions are :
1. What is the downside to boarding houses?
2. What advantages are there?
3. What would it be like to manage? How much time and effort?