Amsterdam's Plan: If You Buy a Newly Built House, You Can't Rent It Out

Re:Amsterdam's Plan: If You Buy a Newly Built House, You Can... by mcv on Thursday March 21, 2019 @10:21AM (#19452631)

I sometimes hear people muse about buying a house to rent it out, because it seems such easy money. I would never be able to do that, because renting out property is a real job with real risks and responsibilities, and it's not a job that I want.

I might rent out a house to a friend of a friend, but certainly not to a complete stranger.

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Re:Amsterdam's Plan: If You Buy a Newly Built House, You Can... by 13of40 on Thursday March 21, 2019 @10:52AM (#19452969)

I was going down that path a few years back, until I realized that after property tax and maintenance, it would be like taking on an extra part time job and only getting about $10K per year in return. And that's assuming they don't destroy the place.

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Re:Amsterdam's Plan: If You Buy a Newly Built House, You Can... by readhn on Thursday March 21, 2019 @12:17PM (#19454064)

Depends on the locality and when you got in - in the real estate cycle.

The goal is to have a property pad off by tenants in 20-30 years so you have a nice nest egg to add to your 401K.

Best investment are certain multi-unit properties - thats where the math works the best.

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