Yeah I’ve been a landlord renting out rooms before but I didnt own the house. Does my moms house count? I know a couple people from when I was a leasing temp. I will definintey be talking to them on how to CYA.
With my income what it my first house will be a 2br or less…that is with a FHA or VA. So it would only be one tenant renting out a room to deal with. In the next couple years my income should go up quite a bit. How will the banks view a guy with good credit but a new job? I guess well see. But at least I don’t need to hurry for fear of RE bouncing right back up:) He he.
What are some things to avoid with fixers? I imagine “As is” would be one.
