Thinking of buying a house in a different state to visit during summer

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Aug 1, 2021
11:42:53pm

jcase16byu All-American

Thinking of buying a house in a different state to visit during summer

Would you buy a house in state so you can live there during that summer and rent it to college students during the school year?

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jcase16byu

Bio page: jcase16byu
Joined: Jul 9, 2013
Last login: May 9, 2024
Total posts: 2,390 (71 FO)

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Messages

Author

Time

Thinking of buying a house in a different state to visit during summer

jcase16byu

8/1/21 11:42pm

Maybe

slowhiteguy

8/1/21 11:43pm

I don’t have that kind of money so I wouldn’t buy another house at all…

jjshol1126

8/1/21 11:43pm

<< Deleted >>

OPINIONS

8/1/21 11:47pm

Sounds like a good plan check the mortgage to rent ratio make sure it’s viable

stealth

8/1/21 11:56pm

I’m doing well that right now. Bought a place last year, rented it out

kotacoug

8/1/21 11:57pm

How do you handle the getting and maintaining of renters and property fixes

jcase16byu

8/3/21 12:11am

Yup, rent it as an Airbnb and use it when I want to go there

USMCdad

8/2/21 12:01am

Rent to college students? Heck no.

8/2/21 12:13am

The part that sucks is putting 25% down. That's alot of cash to tie up.

byubyu

8/2/21 7:20am

Some lenders will let you put 15% down on a rental property right now

TheRealU

8/2/21 9:51am

I'd tell you you're crazy, but I bought a place in Scotland during Covid, so...

PGVikingDad

8/2/21 8:22am

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