article thumbnail

Should You Buy a House Now?

Prairie Eco-Thrifter

If you are buying a home to serve as an income property, you might be able to afford to spend a little more (assuming you can find a tenant to pay rent regularly) than if you simply plan to move in and raise a family. ” Is most of my consumer credit dealt with? Will it take away from other things you want to spend your money on?

Buy 217
article thumbnail

Meet a Reader | Mary from Reflections Around the Campfire

The Frugal Girl

When they got married, they bought a duplex so that the rent money from the tenant in the upstairs apartment would pay the mortgage. These days, our kids are always quick to tell me whenever they score a deal, and they’ve both grown up to be good and frugal consumers. My mom cut coupons and sewed her own clothes and mine, as well.

article thumbnail

23 Passive Income Ideas To Help You Make Money In 2023

Savings Corner

What if you get a tenant who pays late or damages the property? You may suddenly have tenants who can no longer pay their rent, while you may still have a mortgage of your own to pay. Opportunity: You’ll be able to take advantage of price differences between what you can find and what the average consumer may be able to find.

Money 52