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Get enough money for a down payment on a house, has to be 20% in most states
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Get a house in a city with 2+ bedrooms or more
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Aquire nice tenants who are decent people and you won't mind seeing every day, won't deliver rent late, best case scenario: college students with STEM majors that won't be partying anytime soon because they are neck beards.
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Learn plumbing and electrical basics in case shit hits the fan, toilet/ sink flooding window breaking etc
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Have good insurance for these situations, make sure your tenants get the renters insurance also.
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Sit back and have your mortgage paid off, best case scenario, 15 years, use income to improve property.
Is there anything wrong with my logic?
Submitted February 27, 2017 at 08:06AM by AnythingForSuccess http://ift.tt/2m262TP
