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Old 01-03-2009, 02:26 AM   #34
Flexin
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Location: Halifax, Nova Scotia
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Quote:
Originally Posted by 2up View Post
That always sounds good in theory, but, as Cori and her husband learned when they couldn't sell their house after buying a bigger one, it doesn't always work that way. Their renters totally screwed them and they were making 2 house payments while looking for new renters or someone to buy their house, which they never found. Totally lame situation.
Your right it doesn't always work out but it is an option for someone that doesn't mind the risks or hassles.

My grandmother built a house her in Nova Scotia years ago. The whole time she was living and working in Detroit. When she retired she came home and redid the house over (well my father did for her). So for her it worked pretty good.

And my buddies in laws moved from Nova Scotia from Ontario and rented the house they owned here. They did it till it was to much of a hassle and then sold it.

Depending on where you live you can also use it as a vacation rental.

James
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