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Updated almost 10 years ago,
Accidental landlord
Hi all,
I became an accidental landlord when I couldn't sell my house and was lucky enough to rent it out to a friend and I am just breaking even, but buying down the principle. It looks to be a good deal for both of us and he looks to be a long term tenant.
I am living with my fiancée and hope we can rent that out in a year or two when we look for "our house" ( though she is undecided about that). I then hope to rent "our house" out in 5-7 years when we can upgrade to a bigger house.
My question to more seasoned REIs... Is this a reasonable scenario?
Thank,
Chris