Are you looking for a way to get your foot in the door in real estate without a lot of cash? Have you considered getting roommates for building equity? The best kept secret in real estate is buying a personal house and renting out all your spare rooms. This is a great way for those who have W2 income, qualification to FHA, VA, USDA loans, and a conventional 5% down payment to get started in real estate. For many of us, 2-4 units are not … [Read more...]
How to Keep Your Roommate Relationships on Track
Getting started off on the right foot with roommate relationships is the key to the rest of your success. Roommates are very similar to traditional rentals so treat them ACCORDINGLY! Keeping Your Roommate Relationships From Going Sour While roommates are a great source of extra income, make sure you start off right by having a written agreement of both of your expectations, especially yours, as the landlord. This is crucial if it is your … [Read more...]