- Thread starter
- #31
User Power
Value/Post Ratio
456%
- Jul 24, 2007
- 4,228
- 19,297
Have you had any experience with purchasing houses to turn into 2-3 rental units? Did the investment pay off? What was the experience, if you did try?
There are many victorian sized houses(4-5bdrm) in my city, occasionally some of them go up for sale in various levels of repair. These seem to provide an opportunity similar to what you have described in your previous posts, but on an obvious smaller scale. I am curious to hear your opinion on these. Thanks for doing this thread!
These have been done for years. I have never done them. The process is the same for buying any fixer. You just need to understand your costs going in and expected returns.
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.