24yo saving about $15k/year. Thinking about investing in property rentals. Anybody have experience? Worth it/Doable working full time? Any advice appreciated!

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Sure why not. You can hire a management computer 8-10% to take care of everything. Find good locations near colleges or large work centers. I have two in two different cities

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I got a townhouse with an English basement unit. Currently living in the basement and renting out the top.

I use Cozy.co to handle both background checks and the automatic payment. It's free and I really recommend it.

I would recommend living in or nearby your first location. There's a lot of other work that comes with owning a house, and it's nice to be on premise to take care of things.

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^Coming from friend who's a realtor: in Chi downtown, 5-6%

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Meh the markets churning higher rates rn. I'd rather pay a higher tax premium and enjoy not doing any work than having to learn how to learn entire rental markets and processes

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D1, What city are you in?

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What sort of returns are you guys seeing?

What management companies are you using ?

Berkshire Hataway management

Mine is a little different since I plan to live in the top portion of the house later in my life. Tenants cover the mortgage, but I still pay some of the escrow to cover some of the taxes.

It lets me live alone in the middle of the city for about a third of what I was paying for rent with two other roommates and a shared bathroom though. I could probably get about $1500 a month in profit if I rented the entire place out.

DC

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