Forum Discussion
carl2591
Feb 24, 2015Explorer III
this is an interesting thread as my wife and i plan to go fulltime in 5-6 yrs. we have two daughters, one a jr in college and another a jr in HS to get mostly through school before we bolt.
We own three rental properties of which one we will sell to buy or pay for the airstream we are going to be looking for in a year or two.
Right now working on paying off the 2003 ford f-250 SD with 7.3L diesel and doing some performance enhancing mods which will be mine by this time next year..
One property will be sold at some point as its a joint deal with my brother and sister from my fathers inheritances.
The other one we will keep as it will be paid off and bringing in appx 400 a month free cash and the primary residence can be rented, and be paid off, bring in some 1200 free cash.
I guess my question is how many have used main home for rental property using a property manager or family member and how did that work out..
I plan to start doing upgrades to stuff like heat/ac system, and appliances.. water heater is less than 3 yrs old and there is a spare elec one under the house.
We own three rental properties of which one we will sell to buy or pay for the airstream we are going to be looking for in a year or two.
Right now working on paying off the 2003 ford f-250 SD with 7.3L diesel and doing some performance enhancing mods which will be mine by this time next year..
One property will be sold at some point as its a joint deal with my brother and sister from my fathers inheritances.
The other one we will keep as it will be paid off and bringing in appx 400 a month free cash and the primary residence can be rented, and be paid off, bring in some 1200 free cash.
I guess my question is how many have used main home for rental property using a property manager or family member and how did that work out..
I plan to start doing upgrades to stuff like heat/ac system, and appliances.. water heater is less than 3 yrs old and there is a spare elec one under the house.
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