Anyone know about buying homes to rent?

The Boys

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Oct 17, 2001
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Here's another idea..........I bought a pre-construction condo in Chicago with very small amount of $$$ down. The condo will be done this fall and the building is almost sold out. I should net about 50 G's if the market stays strong in Chicago..........Look into pre-construction condos in your area. Pre-construction is getting in before the sellers goes into the open market. This gives the builder leverage with the bank...........If this works out OK for me I will take the money and possibly do it again, not sure yet??? Good luck.
 

DR STRANGELOVE

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Mar 13, 2003
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Another option is "flipping it",meaning purchase a house, fix it up (renovate, decor etc etc) 1 house at a time. But you need some luck as well as not all houses make a profit. Some variables to factor, interest rates, housing demand, type of residential area (ie location location). etc etc

Could make a nice profit from doing this, but would it be worth the headaches???
 
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