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Updated over 6 years ago on . Most recent reply

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Anita Muhammad
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Is being a landlord worth it?

Anita Muhammad
Posted

I'm a single mom and I work full time. Im looking to purchase my first home and I am looking into purchasing a two family home. Im a bit worried because everything I read says that having tenants is not worth it. Is that true?

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,396
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

One of the big mistakes beginning investors make is spending their last dime to purchase an investment. Three months later the furnace goes out and they can't afford to purchase a new one. This stuff happens all the time.

Be patient. Ensure you have enough to buy an investment property and also enough for a safety net in case something goes wrong shortly after purchase.

  • Nathan Gesner
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