You are viewing a single comment's thread from:
RE: Should We Buy a Rental Property?
Man, if I bought that house and put all the work into fixing it up, I don't think I'd be able to not live in it! Such a cool old house!
Also, I'd be worried about owning a rental in an economically depressed area with all the young people moving out. Most older people in small towns own their homes. That's my reasoning, anyway, but admittedly I don't know much about it.
I'm with you. Such a cute house. But your also right about the worry about the economic lull in the area. It'd certainly be a risky decision. But it has the possibility to produce a pretty good outcome. My dad's advising against it... and I usually listen to what my dad says... I've learned by now that he's usually right. He wasn't right about Bitcoin though (;