Renting out to roommates (good mates) : personalfinance

by akoloy


Hey guys, I’m 17 years outdated and I’m at the moment saving for a home deposit. I wish to transfer out at 20 or a little bit later and put a deposit and get a mortgage on a duplex.

I might lease out one facet to tenants for $300 every week (that’s the present going worth) though I do know that’s topic to alter.

I might dwell within the different and lease out to 2 roommates for $100 every per week.

Say mortgage was $2,000 month-to-month, the tenants within the different home would pay me $1200 month-to-month, and mixed my mates would pay me $800 month-to-month leaving me to pay payments and break up some with my mates.

I’m simply questioning if it’s a good suggestion to lease out to mates, it received’t destroy our friendship, and many others. these two mates I’ve been by way of fairly a bit with and identified them each for at the very least 4 years +.

Any recommendation helps,

Cheers
Daniel



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