Quote:
Originally Posted by Bearcat
Shit poster shit posts... granted, that's kind of the point of this thread.
One day it's "ermergerd I'm paying $600 a month on electricity and have no idea how" and another day he's a multimillionaire... sometimes in the same thread.
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Yeah one of the homes I own I pay for the utilities due to how it's set up with the renters but that can heavily deducted so it's not the end of the world. One of the reasons I'm getting rid of it. I'm starting the renovation process on that home as we speak, just need to replace some floors & paint it and I'll be getting 275k for it probably by end of August. Based on the rent and property gains I've received from that home, more than worth it.
Don't rent. Don't do it. And this is coming from a guy who does NOTHING himself. Hire everything out. I don't even own a lawnmower. I don't paint. I don't landscape. I don't clean. Still worth it. If you are one of those souls that is good with your hands and actually likes fixing shit, I can't think of a better thing to do than to buy a fixer upper of a house (not in cash) and gradually fix it up while you live there, maybe rent out a basement or create a live in apartment for some income property within it.