From a renter to a landlord

[renter]

I purchased the modest duplex I live in yesterday. The landlord gave me a good price and he installed two new energy-efficient furnaces this time last year. The other apartment is occupied by a single mom.
Quite a mental change. I'll try to post on the ups and downs of being a renter vs a landlord.

[jackster]

1. congratulations!

[maddezmom]

2. congrats

I'm currently a renter and a landlord...:hi:

[renter]

3. maddezmom

Any pearls of wisdom? Thank you.

[izzie]

4. I think it is the thing to do but-----

I sold my house and rented and am very happy

[Clintmax]

5. I would love to become a homeowner!

I don't know about being a LANDLORD...but I'd love to own my own home! I don't think it will happen any time soon, but maybe someday!

[stlsaxman]

6. Smart move and congratulations!

being a resident landlord is great. got real lucky with my tenant, also a single mom and her sister. Just like being a regular owner but the mortgage almost pays itself!

:bounce: --"Smartest move you could make!"