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Old 08-22-2006, 08:48 PM
Sivart5 Sivart5 is offline
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Join Date: Aug 2006
Location: Wisconsin
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Default Re: Would you buy this rental property?

I currently own three duplexes, I had two other properties also that I have sold over the past year. In my opinion, when the interest rates were so low, a lot of "good" renters bought homes.

Last weekend a tenant called me about three things at once:Steps on the deck needing repair - Spent last Sunday over there fixing them.
Tree out front rotting and losing large branches - will cost $300-$400 to remove.
Bats are getting in the basement - Estimates so far to remove them is $700-$1,000.

Every time the phone rings, I cringe. Seems a renter is calling me every other day for some reason or another. Be very sure you want to be spending your time and money, at some times very unexpectantly.

If you are up for the challenge, it may be a good investment, you never know.
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