All Forum Posts by: Linda King
Linda King has started 0 posts and replied 3 times.
Post: Is being a landlord worth it?
Linda KingPosted
- Posts 3
- Votes 1
You say you can afford the mortgage even if the other unit is vacant but that you don't have extra cash for the other expenses of being a landlord.
So...instead of buying a single-family home instead, can you buy the duplex, keep up with the mortgage, sit on the other unit for a while until you've saved up some cash, then rent it out?
Hard to do...what kind of shape is it in?
The problem is that it's not worth much, it will cost a lot to move it, it might not hold up well during moving because of its age, there may be restrictions in your area about whether/where it can be moved, etc.
Very little.