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Would it be wise to buy a house, rent it out, and then sell it after I pay off the mortgage?

March 30th, 2009
Vince C asked:


Currently, I am a college student and looking to buy a house so I would be able to rent it out and then later on sell it for profit. The location of the house I am planning on buying is around the campus of UC Riverside. There are currently brand new houses that will be selling from the low $500,000. I was planning on putting a small amount for the down payment, then getting maybe a 30-year mortgage, and with the money renting it out to students I would be able to use that money to pay off the mortgage.

Because there are big risks with all the money involved and complications that can occur, I need all the advice and help I am able to get.

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Filed under: Renting & Real Estate | Tags: ,
March 30th, 2009 06:31:56

Any advice on how to find an old farm house for sale *cheap* that needs work?

February 20th, 2009
thegoosegod asked:


I’ve always had this dream of finding an old farm house with a little farm/ acreage that needed some work. Nothing fancy, and I’m not picky about location. But I’m having a very hard time getting started in my search. If anyone could refer me to any websites that list old houses for sale (besides mansions) or have any ideas on how to get started I would really apreciate it, thanks!

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Filed under: Renting & Real Estate | Tags: ,
February 20th, 2009 05:18:10