Skip to main content

Can I become a landlord of a house that I'm about to buy, and claim that as part of my income? And if yes, how?

Let's say I want to buy a 3 bedroom house. I know two friends who would be my roommates for a year or so.

Let's say the monthly payment on the mortgage is $1266. I get two payments of $422 from my two friends. Can I now say that I make $844 extra per month-- an extra $10,000 or so per year?

I imagine for this to be legit, I would have to document my income, perhaps draw up legal leases, etc... How can I do this? I'm tired of paying rent, it's such a scam.

submitted by /u/band_in_DC
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/fspwi2/can_i_become_a_landlord_of_a_house_that_im_about/

Comments