buy small ?… does it pay for its self ? get a duplex.? how would anyone that hasnt had a house rental service start .. is it very hard?
It is not hard at all as long as you do the proper research. Make sure that you have a good team. That should include a good accountant, lawyer, real estate agent, and management company. They can either make or cost you money. Also, a good website is www.huduser.org. I gives you the fair market rents in a given area. Use that as a guide. Also, remember this formula. Cost of home/120=monthly rent. The idea is if a home costs $100,000 you should at least charge for rent $833 a month. If you can’t get that rent, then it’s not a good rental investment.
Anyways, start small. You need to see if you can do this. If you start small, and you lose out, you lose small. A duplex is good as well. The way you need to look at that is you are actually buying two units. For example… If you buy a duplex for $100,000 you are basically buying two $50,000 units. Can you rent out each unit for $416 a month? Basically, another rule of thumb I like to use is that after all of your costs, you need to make per unit at least $100 a month cash money for it to be worth your time. Anyways, good luck with this and I hope this gives you some help.
Where is the best place to buy, probably a condo in a gated community.
Cash waiting.
Where is the best area, we are looking for a condo in a gated community.
We live in Calgary Canada.
What are the pitfalls of buying property in the US.
We are not looking to rent it out.
Cash Waiting
Tempe and Scottsdale are popular places…but it all depends on what you are looking for. Do you want to be out in the suburbs, downtown, close to all the entertainment etc…… If you get something in East Phoenix, you can be in almost every surounding city within 20 minutes.
Is it a good idea to use the home I live ins equity towards the down payment? Or is it better to keep the 2 separate? Thanks!
I do have 20% and can easily qualify for 20% more if I add a portion of the equity from my home.
Hi Debo,
It really depends on your financial situation.
You’ll need at least 30% down, so do you have enough equity in your current home? How much equity will you have left in your home, this will effect the interest rate you qualify for.
I need a vacation home rather large for Thanksgiving weekend?
Too many to rent hotel rooms at 100 bucks a night..
Any suggestions would be aprreciated.. We will only be there to sleep and shower…could use a house to sleep 20 people or maybe 3 differnet small houses..
Stay at the Fitzgeral casino & hotel in Tunica. The rooms are ususally $29.00 during Sun thru
thurs. You do not have to gamble to get that price.
I am moving to Prescott and would like a 2 bdr, 2 bath nice place to rent.
Looking at about $700 minimum
Maybe for 1 month or 2. Either hotels, hostels, or apartments.
Not sure about the town that you are pertaining to but from experiences living here most of your towns have motels and they usually go for around ten to twenty at the most us dollars a night. Good luck and enjoy your stay I sure love it here.
curious. and can teens buy them?
You have to be in the foreign country to buy houses. Use the phone and under travel youll find the buy home tool. You can then buy the house and will be prompted to select your default residence (between camp site/hotel or your house) I do not believe teens can buy the houses. Young adult and over.
Has anyone had a little vacation to a cabin rental in North Carolina or South Carolina? I am trying to find an inexpensive cabin rental in this area. I am thinking something secluded and pretty decent. Let me know , thank for all answer!
have you checked out Cherokee NC
Beautiful! North Carolina cabins, Great Smoky Mountains
Cabin rentals in the North Carolina Mountains one half mile from The Great Smokies … Cabin and Chalet Rentals In North Carolina.Cabin Rentals In The …
www.rockcreekcabins.com/
Blue Ridge Cabin Rentals and Vacation Rentals in GA TN KY NC…
Blue Ridge Cabin Rentals Vacation Rentals in the Great Smoky and Appalachian Mountain regions of NC VA TN GA and WV. A complete online Cabin and Vacation …
www.blueridgeonline.com/cabins.htm -
www.ashevillecabinrental.com/
www.sciway.net/tourism/vrentals.html
I’m looking for a cottage to rent for a weekend in August but I’ve never done this before. Any suggestions on some good listing sites that you’ve used with any amount of success?
Thanks 
VRBO.com, Vacation Rentals By Owner is a good one.
Here are a few links to sites you can use to check out the fishing in Arizona:
The Arizona Outdoorsman site has links that can get you just about any information you need:
http://www.azoutdoorsman.com/Fishing/Default.htm
Here is the website address for the Arizona Dept of Game and Fish:
http://www.gf.state.az.us/
Here is one that gives info on at least 15 lakes and some streams:
http://www.aa-fishing.com/az/arizona-map.html
Here is a site covering the Arizona Rim Country White Mountains Lakes:
http://www.wmonline.com/attract/lakes.htm
Finally, here is the About.Com site for boating in Arizona:
http://phoenix.about.com/od/lakes/Lakes_Boating_and_Fishing.htm
I checked out some these sites, sort of makes me want to go to Arizona to do some fishing.
Have a great trip.
Larry