>buy 3 bedroom house
>rent out 2 of the rooms which pays for the mortgage, property tax, maintenance
>live for free while building equity
Why doesn't everyone do this? Are these the cheat codes for life?
Buy 3 bedroom house
Aaron Brown
Connor Sullivan
inaccessibility of downpayment
PMI too pricey
not going to stay in that location for many years
Justin Cruz
Its pretty jewy youre taking advantage of young people who dont have enough money to buy the house like you did
Matthew Fisher
> sharing an apartment / house
> ever
Brandon Scott
And live with 2 other people? I think not!
Lucas Smith
>Why doesn't everyone do this?
i own a place and hosted roommates. i was happy when they left. it wasn't worth the hassle. if you're really penny pinching then go for it, otherwise it will probably suck.
Charles Morgan
I lived like a poor college kid for several years to save up the down payment, saving 70% of my income each month. Didn't buy the BMW, go to clubs, travel, eat out every day like the other young people do. Why am I the bad guy for making sacrifices to get a leg up in life?
Brayden Mitchell
You are better off renting all three rooms and using the extra cash to pay for the 1 bedroom you live in by yourself. Fuck room mates
Gabriel Walker
Do something else then start a business i juat think its jewy to do the generic passive income from rent idea and taking advantage of people
Camden Watson
The real cheat code is buying a house in a cheap place, rent it, and use that money to rent in a nicer place. The difference between real estate prices is always much bigger than the difference between rent prices.