A Wedding, a wife, a house oh my!!!

[SirClintonPortis]

All this talk about renting out a house or not seems overlook whether WaldSkins and his wife wants to be a landlord and/or landlady and deal with tenants, and there are plenty of tenants who are "pesky". Well, there are property management companies, but there are potential principal/agent issues with them too.

[Schneed10]

Originally Posted by SirClintonPortis

All this talk about renting out a house or not seems overlook whether WaldSkins and his wife wants to be a landlord and/or landlady and deal with tenants, and there are plenty of tenants who are "pesky". Well, there are property management companies, but there are potential principal/agent issues with them too.

Dingus. The choice is whether he should buy a house or continue renting. Not whether he should rent out a house he owns.

Reading is fundamental.

[mredskins]

Originally Posted by Schneed10

Dingus. The choice is whether he should buy a house or continue renting. Not whether he should rent out a house he owns.

Reading is fundamental.

I think he got confused becasue the number of side bars going on. Which I caused most of them, sorry.

As far as answering the OP's question S10 has some great advice and a couple of others. Though I am very comfortable with my finances I took a lot of risk holding on to properties and what not early on when I was first starting out. I would not recommend it to everyone.

With that said I can't emphasized enough you have to decide what a comfortable risk level is for you when planing your finances. I build cost models everyday for my customer and everyone of my models has different levels of risk and confidence in them. All the models are then presented to the decision maker and they decide what level of risk they are comfortable with. You can easily do the same with your personal finances.

[skinsguy]

Originally Posted by mredskins

I think he got confused becasue the number of side bars going on. Which I caused most of them, sorry.

As far as answering the OP's question S10 has some great advice and a couple of others. Though I am very comfortable with my finances I took a lot of risk holding on to properties and what not early on when I was first starting out. I would not recommend it to everyone.

With that said I can't emphasized enough you have to decide what a comfortable risk level is for you when planing your finances. I build cost models everyday for my customer and everyone of my models has different levels of risk and confidence in them. All the models are then presented to the decision maker and they decide what level of risk they are comfortable with. You can easily do the same with your personal finances.

I feel more comfortable knowing that you admit what you're doing is not going to work for everyone. Sorry if my tone seems harsh, I am truly happy that it's working out for you, but it is a huge chance you're taking.