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Updated over 2 years ago on . Most recent reply

User Stats

67
Posts
22
Votes
Adam Pervez
22
Votes |
67
Posts

Townhome Rental or HouseHack

Adam Pervez
Posted

Hi All,


I am currently under contract for the following property: https://www.zillow.com/homedet...


I managed to get a price accepted under list but with interest rates and what the rent in that area would go for, I would still be in the negative. Now I know I should be looking long term but I believe that if I am having to pay more than what my income would be, I have a liability. I am looking into other renting options for this property such as air bnb or renting travel nurses and other corporate personnel. I just wanted to ask my fellow BiggerPocket Members what you have been doing during these times with high interest rates on rentals. Are you looking into other financing options?

If you have more questions about this deal, let me know and I'd be happy to provide more detail. 

Feel free to share any of your stories!

-Adam

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