LogFAQs > #904201359

Jen0125 posted...

Kyuubi4269 posted...

Jen0125 posted...

i would never want to be a landlord

too much shit to put up with if you get a tenant that doesn't want to or can't pay rent

That's what landlords insurance is for.

uh landlord's insurance only covers loss of rents if you're filing a claim because the home is damaged, it's a covered loss and the tenant needs to be put up in alternative housing and they aren't paying rent. at least in the US. idk where you're from.

thedeerzord posted...

I think it would worth it in the long run if it meant gaining a lot of cash.

you're not gonna gain a lot of cash until the mortgage is paid off.

:/ Hmm, I know that paying off mortgage can take a long time, but if I just buy a cheap house completely, and then renovate with a considerable budget, I could end up making a profit if I rent it out for a few years, and then when I have enough, I could just buy another one.

I'm not going to buy a super fucking expensive house in any major city area. I don't have the money nor income to be able to do that. So cheap houses are the way to go if I were to start right now.
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While America bleeds from its corruption and incompetence, our people rot in fear as the Wild Hunt rides the sky with every full moon!