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Updated over 1 year ago on . Most recent reply

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New to investing

Posted

So I have this idea about starting a rental business. I have a guaranteed renter who gets section 8 and I could use them to get my portfolio started. I don't have the money right now to buy a property to fix and then rent but was told it's still possible. Where do I even begin? 

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Nathan Williams
  • Property Manager
  • Inlet Realty and Property Management
6
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12
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Nathan Williams
  • Property Manager
  • Inlet Realty and Property Management
Replied

Abigail,

House hack.

That's the best place to being. Buy a duplex or more, live in one, rent the other. Eliminate your current rent or mortgage.

Also, I wouldn't rent to a friend. One guaranteed renter on section 8 doesn't really mean much. There are plenty of renters out there. I say this like I would say it to a friend.

House hack is the ultimate start! Good luck!

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