Re: purchasing a rental property[ Edited ]
10-16-2012 04:09 AM - edited 10-16-2012 04:31 AM
Your planning sounds very effective but you have to consider some points before the move. This strategy includes, income from the rental property (rent=800) from the very first month, but the real scenario is, there is no guarantee that you will get a tenant on time which pays all the bills on time. Considering the points, are you ready to bear the risk of paying the mortgage or bills from your core income. Think about it!