Investing in Rental Property

mosesbotbol · 05-16-2012, 05:56 AM

What kind of rental property are you looking to buy? Who is the the renter most likely to be? Students, family, or Section 8? Each group has its advantage. Do you plan to manage it yourself or have a property management company take care of it?

Most of my friends are in a real estate business in Boston, as was I a long time ago.

Section 8 - Guaranteed money, but hard to kick out and may have to do more work on unit to qualify. Easiest money route

Students - Higher rent, but more damage to unit and may need to pay rental commissions more often due to higher turnover.

Family - Can be good or bad. Can be a hassle to kick out, but may be gentler on property than Section 8 or Students.

05-16-2012, 05:56 AM	#14
mosesbotbol That's a Corgi Join Date: Oct 2008 First Name: Moses Location: Boston Posts: 6,171 Trading: (6)	Re: Investing in Rental Property What kind of rental property are you looking to buy? Who is the the renter most likely to be? Students, family, or Section 8? Each group has its advantage. Do you plan to manage it yourself or have a property management company take care of it? Most of my friends are in a real estate business in Boston, as was I a long time ago. Section 8 - Guaranteed money, but hard to kick out and may have to do more work on unit to qualify. Easiest money route Students - Higher rent, but more damage to unit and may need to pay rental commissions more often due to higher turnover. Family - Can be good or bad. Can be a hassle to kick out, but may be gentler on property than Section 8 or Students. __________________ Port Wine & Claret \| British Cars \| Welsh Corgi's