Post Rental Renovation Question
Just a general question. More of a worry than anything.
So there is a vacant duplex for sale right down our street. My question is after rehabbing the vacant property, will we have to pay the monthly expenses of the property? How is this profitable? Is there a way to guarantee renters?
Our biggest concern is owning a property that we have to pay for and not profit on for longer than necessary.
Also, let’s say we have private lender funding for this property. Seeing as it is vacant, how does lender funding relate to vacancies over a period of time? Are we covered with private lender funding or does that monthly expense come straight out of our own pocket? No one ever seems to talk about that and so can’t find much online.
Any help appreciated!!!