/biz/ - Business & Finance

>>17043985
landlord.

go to the bank, ask them what you need to get a loan on a rental property. Work on building your credit score to get the favorable rates.

Then start doing your research and looking on the MLS websites (Multi Listing Services) like Zillow and running numbers on rental properties.

The spreadsheet from Chandler David Smith will help.

Then when you half assed know what you're doing with the numbers and have the credit, go find a real estate agent that will actually find you a property with some problems that are easy to fix. No fucking foundation/plumbing/sewer work!

etc. etc.

Just watch Ben Mallah videos on youtube for a while. Oh and after you repair the place (ask for more on top of the property loan to get the place repaired, and get interest only payments on it for the first couple years), afterward you get it appraised at a higher value and go refinance your loan. Then you find a good tenant and let the cashflow they pay you pay off the loan.

If the market dips it's an even better time to buy real estate, and if the housing market dips it means more renters because rubes are losing their houses. Rents will fluctuate but not as much as other performing assets during a recession.