I am making moves to find my first rental property that I will also be living in. I'm in the process of getting a lender and finding a deal, but I was wondering how have people been able to buy a house, move in, and find roommates as quickly as possible to avoid carrying the mortgage by myself? Any and all incite would be YUGELY helpful, thanks!
i would budget for 2 months with no roomates to be prepared in case. i think roomates are easier to find then tenants
Thanks Denise! I plan on taking a very conservative approach to plan for every worst case scenario! That being said I believe I read somewhere that it is illegal to post for rent ads before you own the home, any thoughts on how that works?
no idea about that. But years ago, I met a roomate online before there was an apartment. We met, agreed to be roomates and then started apartment hunting. You could always do something like that until you close on a house
Screen your tenants very carefully. Do not take the first person that shows up with cash
You can post an ad that you are looking for roommates and give a general description of the property. Just don't disclose the address or post photos.
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