Is it a smart idea tu buy and rent houses?please give me your opinion?

because from the money you get from the rent house you can use it to pay off the house and then lets say i do that with 5 houses rent them all out with the money from the rent pay my morgate till all the houses are payed then ill have 5 houses plus money coming in from the renters without having to work.do you think this is a smart way to make money thanks

Is it a smart idea tu buy and rent houses?please give me your opinion?
It could be an excellent way to make money. Just make sure that there are renters in your area that would occupy them before investing and you should be a handyman or know someone who is who can do repairs. Also, look into getting rules that you want followed signed by the tenants.
Reply:If you rent you will still have to work. You only have half the picture. There are certain laws in effect which are area specific about being a landlord. It involves the number of properties which you own and you are behooved to certain regulations. I would ask you to inquire more deeply in your specific locale.





That being said, are you okay with being awaken in the middle of the night because your tenant says their pipe has busted, or the toilet's clogged up. Can you deal with folks putting holes in your walls and just all in out vandalizing the place. What rules will you in enlist? Can they have pets? If so which pets?





It's lucrative if you stay on top of it. But you will have to work. You can't just sit back and do nothing because that's what those horrible landlords do that we all hear so much about.





All that being said, I say to you if you have the money backing to go forth on this venture do it to the fullest. Make lots of money and I wish you the best. I would say though do one at a time to start so as you will make your mistakes and then learn from them on the first house instead of getting five in one pop as a newbie to the industry.

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