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Old 05-21-2008, 12:57 AM
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Default Re: Buying a home then renting it out
and speak of the devil ...

We bought last year and rent our place when we can't use it. Our experience has been pretty good. Our rental income does cover the ongoing cost, as Red said, but wouldn't begin to cover a mortgage. You can go with a property management group associated with a realtor that can do everything, but they take a pretty big cut. We chose to do it ourselves and use Redwitch to keep things moving along. Works out very well.
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