All Forum Posts by: Breanne Beadle

Have you considered House Hacking? There are tons of podcasts and forums around this, but you would be able to buy a house and earn a side income, possibly enough to cover your mortgage. If that is something that you are interested in, do some research on BP, and you might find that it works for you, being a stay at home parent, you could manage the property yourself, or have a property management team and pretend to your tenant that you are renting too! Just something to think about. 

Also I know of someone who is looking for certified lenders for an apartment complex, if you are interested in that I can forward you their info as well. 

Good Luck, and Best Wishes!

Breanne

@Katie Stewart, @Jennifer T., @Jared Coley, @Dennis M.

Thank you everyone, I knew it needed to be done, but I was hesitant, and you are all correct. 

I just needed reassurance that I was thinking correctly! 

Thanks so much! 

-Breanne

Hi, Thanks for reading my post!

I am a new investor looking to rent a room in my house to free up some of my personal income for other opportunities. I am looking for a bit of professional advice. My question is if I am going to get a roommate in my house (owner/occupy), sharing the same space, should I have them do an application process like I would have a standard tenant renting the whole house? I plan to definitely have a lease agreement in writing, but should I make them also do a background check and credit check? Is that a fair thing to do? They would pay the fees for those screening processes. What do you think? If you were renting a room from someone would you pay for this to be considered?

(I would not be pulling from a pool of people that I already know, and I have never rented to anyone before)