Is being a landlord worth it. I thought about buying a decent

>>1566157
If you're asking if passive income trumps wagecuckery, fuck off.

Yea, you have to find tenants and fix what's broken, but when it runs well, whew.

>>1566171
I don't read reel gud, more focused on being first.

Try and pay cash. Save up to $50k and find a shithole. Fix it up or get a renter who will fix it on their dime for decreased rent.

Flip it in a few years (assuming prices don't shit the bed) and move up.

>>1566174
I'm more or less about to follow my own advice. Links quasi related.

http://knoxville.craigslist.org/reb/5810073614.html

http://knoxville.craigslist.org/reo/5826074044.html

http://knoxville.craigslist.org/reo/5802012649.html

http://knoxville.craigslist.org/reo/5810551763.html

>>1566157
just about as much "worth it" as any other investment / business. if you like it, build connections and put effort into it it's brilliant. if you don't care or are lazy it'll be a nightmare and most likely fail.

how much profit you can rake in is highly dependant on your local real estate and rent market. in established urban areas rent drops below 4% ROI fast, and it can go as low as 1%. which means amortisation can be 30 years and more. then there are shitty areas and run down houses (fixer-uppers) which can net you 8+% ROI on rent.

it's not as bad as it looks on paper though. you're usually only looking at rent. meanwhile the house appreciates silently, but as long as you want to rent that's unrealized profits which are meaningless.

so it's a good way to build net worth, but the best way to make bank. you're in it for the long haul. it's a great way to hedge against inflation though (your property appreciates on its own and rent you can stipulated to trail a consumer price index). the barrier of entry is huge and if you're relatively poor it'll kill your portfolio diversification. can't really recommend betting your life's savings on a single horse. but if you have cash it's better to start sooner than later. after 10-20 years you get a real machine going since your monthly cash flow will be amazing and you use old paid-off properties' rent to finance new properties leading to exponential growth. of course the real benefit will be to the next generation and beyond. real estate is probably too slow to reap massive benefits in one lifetime.

Landlord here: put down as little as possible for better leverage. Stick to fixed rate loans. And your price to rent ratio for this deal is bad, always follow the one percent rule.

Finally, read bigger pockets and learn about how to do this before jumping in.