Thread: Buying property
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Old 03-16-2005, 12:32 AM
HDPM HDPM is offline
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Join Date: Sep 2002
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Default Re: Buying property

Be careful. That triplex will probably have all kinds of expenses. Be ready for them. You will be living with your tenants after moving to a new city and spending a bunch of money you have not had before and embarking on a new business, i.e. owning rentals. I would be wary of doing something like you propose. Getting a big mortgage on that property and living in a 2 bedroom unit yourself doesn't sound all that hot to me.
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