Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
Re: Good Idea??

I think investment properties are usually a great idea, my first home was a duplex, which I intended to use as a starter home, and then turn it into an investment property.  I lived there four years, and when I decided to move up in house, I moved out and found a little place to rent for 6 months, and then rented out both sides of the duplex while I lived in a rental... In that way, I could claim the rental income from both sides, which totally offset the mortgage payment.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!

Take the myFICO Fitness Challenge