Thread replies: 6
Thread images: 1
Thread images: 1
File: 08876_BG.jpg (426KB, 1920x1280px) Image search:
[Google]
426KB, 1920x1280px
Hey /biz/
So I'm thinking about buying a house nearby. I'm in DFW. Its a 4 bedroom, 2 bath in north Dallas. I can't really do roommates though, I'm not good at living with others. I'm thinking of renting all 4 bedrooms out and keeping my apartment for now as its close enough to work so i can walk and fairly cheap.
House is being sold for 200K.
I'm thinking 50K down.
500/bedroom for rent.
As Dallas is constantly growing, seems like it should be filled fairly easy.
I feel like I'm overlooking something big time. Would this be destined to blow up in my face?
>>
>>1408233
Where at in north Dallas? I'm a Dallas pro. I can tell you if it's worth it or not.
t. grew up in Dallas proper and love this city and will be buried here
>>
>>1408246
I live and work downtown. House is in Carrollton/Farmers Branch area.
Thanks.
>>
>>1408233
No way you'll be able to get 500 per bedroom, ESPECIALLY if you're not living there. Also there's a ton of codes and standards you have to go through to legally subrent a house four ways, made all the more complicated if you can't even let the IRS know its your primary residence. Big difference between "making a little money on the side" renting out a few extra rooms to "property purely for rental income" to the IRS.
>>
>>1408246
Off topic, but as a Dallas citizen for 19 years, I fucking love this place.
>>
Don't rent by the bedroom. Just rent to a nice middle class family
Thread posts: 6
Thread images: 1
Thread images: 1