[kstater]

Originally Posted by chiefnchopper

I live in a college town. Junkers close to campus rent for $1000-1200 / month. Probably could buy one for 100-120K. Not sure if it's worth it or not. The house would most likely see its fair share of parties, sex and rock and roll.

Originally Posted by daquix

I was a landlord for many years.

My father-in-law owned 6 rental homes.

Good friend owns over a dozen.

If you want to learn more about it, Bigger Pockets forum is a great resource.

But here’s the quick summary. They make money sloooowly.

People rarely calculate their profits from rentals properly.

They don’t include depreciation, taxes, utilities, repairs, damage caused by the renter, insurance, mortgage or heloc, applicant costs, credit report costs, credit card transaction fees, vacancies, court fees, attorneys, etc.

If you profit $300+ per month on a rental, you’re in the TOP end of landlords.

Many people average around $100 to $150 true profit per rental per month.

I can think of many other things I’d rather invest $100k into.

My wife has bugged me for years to look in to getting a rental, I just don’t see it. I look at it more of a volume thing to make money. The only upside is having the assets IMO.