Any mommies out there own rental property?
What's your experience like, do you do self mantinence? Or have a management company take care of any care or issues? Do you use back ground checks or forgo that just making sure they have a steady income.
what are your requirements?
im asking because hubby and I have always planned on becoming rental property owners, and we knew we would start sometime in out thirties after we found our own permanent residence. (We need a bigger home we live in a 2 br 1b and converted garage but its so cramped with our family of 5 and as the kids get older will just feel more so)
however our mortgage loan was just forgiven (as hubby's grandmother held the loan and she just passed) she has other properties and now we may be given the chance to purchase one of the other homes, once we actually used to live in.
it would be a great way to start our endeavor, and the new mortgage would be the same as what we are paying now. Plus the insurance for the new home.