i just became one in nyc this weekend...they sent their first months rent and security through zelle on the 1st
![]()
I had a mortgage with a condo, and after I got married, the wife and I decided that we needed more space. So we were lucky enough to have the money for a house while being able to rent out the old spot. It took a while to rent it out tho...about 8 months, but we saved up and paid both at the same time. My tenants moved in on the 1st...i plan to hold onto it for about 5 years and then sell it for about 500k, pay the existing mortgage and hold onto a few stacksdid you rent out a property you lived in or owned already or jumped in as an investor? I'm interested in the process of getting a mortgage for a property to rent out in the NYC area.
no plans to lol...i'm not trying to be a dikk....it's a young single couple who just got married and are starting off in life...i've been there so i get it. If anything i'll probably raise it 50 bucks depending on how property taxes go...my profit margin right now is pretty straightThey gonna stay after you increase the rent 30% next year ?![]()
I had a mortgage with a condo, and after I got married, the wife and I decided that we needed more space. So we were lucky enough to have the money for a house while being able to rent out the old spot. It took a while to rent it out tho...about 8 months, but we saved up and paid both at the same time. My tenants moved in on the 1st...i plan to hold onto it for about 5 years and then sell it for about 500k, pay the existing mortgage and hold onto a few stacks