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Updated almost 10 years ago,

User Stats

6
Posts
3
Votes
Chris Silveri
  • Wynantskill, NY
3
Votes |
6
Posts

Accidental landlord

Chris Silveri
  • Wynantskill, NY
Posted
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

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