Quote:
Originally Posted by Fat Elvis
Buy a decent home in a good neighborhood in a good school district, and you won't lose any money. With a home like that, you can be picky about your tenants.
People who care enough to live in a house like that tend to take care of the property. People like nice things for their kids.
We have a couple of rental properties, and while we see them as investments, we also see them as an opportunity to provide nice homes to folks who, for whatever reason, may not have the desire or means to purchase a home.
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We have the Air Force base in Bellevue that is a gold mine for rentals, but unfortunately it's not close enough in proximity to where we live to be practical. We do live in a very desirable part of town so I don't think finding a decent renter will be an issue, however we are going to pay a lot more for the house initially. I really don't care about making money month to month, I'm just thinking it would be nice to have it to sell eventually to pad our retirement.