Rokslide Real Estate Investing Thread

[arrow179]

Definitely.

Also related - Thoguht it'd be real easy to rent the Mrs townhome after she moved in with me and it was for a few years. Fast forward to the past year - we're short $26k in rent from a tenant that has been bending us over and the county is not at all land lord friendly.. Lots of success stories out there but plenty of pitfalls too.

Yeah bad tenants can really screw up a good ROI!

 

[ewade07]

I'll chime in. My wife and I bought our first house back in 06/20. It was set up as an up-down split, full kitchen and laundry downstairs. We lived there for 3 years and had the basement rented out the entire time we lived there. We bough our second home in 06/23 and turned the upstairs into a STR. That one house pays the mortgage for both houses and then some. Yes, the STR can be a pain but nothing to the extent that we have wanted to sell that house. We are looking at buying another house and keeping our second and renting that one out as well. Its getting tougher now to buy a house for the sole purpose of renting it out in my part of MT, but there are still deals to be had. Doing another STR is out of the question as the property taxes are set to skyrocket due to new tax laws.

 

[aq3]

Crying shame ain't it? You work hard, you take risks, you put your as* on the line to purchase RE, yet a tenant doesn't pay and YOU have to jump though hoops or wait a certain amount of time, or whatever, to correct he situation.