I'm thinking about buying a condominium in a couple years for the purpose of renting it out to a couple (The one I'm currently looking at is really nice and costs $99,000). Collecting rent for about 8-10 years and then selling the condo... I'll have a nice amount of money then when I'm out of college.
Since I am purchasing the condo, would I be able to rent it out to another couple? How does this type of thing typically work? Thanks.
Since I am purchasing the condo, would I be able to rent it out to another couple? How does this type of thing typically work? Thanks.