Quote:
Originally Posted by Calgary14
Have you been a landlord before? Tenants can cause headaches and this could be multiple headaches at once. But if you're ok with that and can handle the day to day issues (handyman stuff) it may be worth considering. How much financing are you looking at and how will you attract/retain tenants? You mention diversifying your income; I assume you have other investments not related to real estate as part of a balanced portfolio?
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I've never been a landlord before. I can definitely handle the handyman part and am actually looking forward to having some projects to do around the place. This would immediately become my biggest investment however I do have a job where I could cover all the expenses if for some reason I wasn't collecting any rent.