: Is this a good investment? Chopping a house into apartments and renting?
Once I get out of college and get a steady job, I’m going to buy a fairly cheap house (town is crappy), fix it up and chop it into apartments, and rent it out. There are a lot of poor people in the town, so I wouldn’t ask for much. Probably 500 a month without utilities. In the town you can get a 3,000 sqft house for 90,000. I think this would be a great investment. And I could live in it while I fix it up
Answers and Views:
Answer by Mom
Only if town Zoning laws permit that. If the area is zone for one family residence then you cannot proceed.
Do some research
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