If anybody has experience buying houses and renting them out, I would love some advice. If you are looking to cash flow a house, what is a good amount to shoot for? How much do you generally have to put back into the house on an annual basis? Is there a good timeframe to keep the house before dumping it, or do you try to hold onto it for the life of the mortgage?
Just recently bought a house, looks like I will be about +400/month, based on total payment and what renters are paying. This does not take into account maintenance, idle periods b/w tenants, and so forth.
Thanks in advance for any info.
Just recently bought a house, looks like I will be about +400/month, based on total payment and what renters are paying. This does not take into account maintenance, idle periods b/w tenants, and so forth.
Thanks in advance for any info.