3 ms·
(Assuming you don't already own a house) Buy a house with more bedrooms than you need and rent out the remaining rooms. Owner occupancy plus the tax benefits (d
by tabeth 9y ago
(Assuming you don't already own a house) Buy a house with more bedrooms than you need and rent out the remaining rooms. Owner occupancy plus the tax benefits (deprecation of all improvements, deduction of repairs, mortgage interest writeoff, to name a few) make it the best possible use of money today. Being an owner occupant ensures your tenants won't tear things up.
The only downside is that you have roommates now, so choose carefully!
- WheelsAtLarge 9y agoThis advice is not bad. Low maintenance and difficulty. The problem is that you have to deal with roommates. Once you're past your 20's you get set in your ways and you get irritated when things don't go your way. You have to become a super dick or be upset all the time because your roommates suck ( you on the other hand are "perfect" :-) ). I would go AirBnB these days if possible. My friend bought a house and build an independent area for renting. Basicly he turned it into a duplex. That's an alternative way to go.