Buying somewhere to rent out

[fred]

Have a look on ayosdito..
Here`s a few for sale..
Some really nasty looking dumps included... No idea if some of them have been flooded out in the past??.. Some look like they have.. Buyer beware!
Selling at 2.6M (Negotiable)
http://www.ayosdito.ph/House+and+Lot...-7248769-1.htm

House and lot mansion in marikina!!

1.6 M
http://www.ayosdito.ph/House+and+lot...-9196387-1.htm

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75Sqr meter FLOOD FREE!!

http://www.ayosdito.ph/Single+Attach...-9144980-1.htm

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750k

http://www.ayosdito.ph/2br+House+and...-9084065-1.htm

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600k

2nd hand
assume balance to pagibig
near kap moy and cnp mall
3 bedrooms
2 toilet and bath
compound type
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Etc,etc..

Location will determine whom will rent the unit and at what price, so cheap beaten up houses in a dodgy area,you may have issue`s with a cheap rental income and tenants that dont always pay on time..
Personally,none of the above would interest me in the slightest!!

[stevewool]

Yet another harebrained idea I am thinking it seems

[tiger31]

Yet another harebrained idea I am thinking it seems

lol

[fred]

Yet another harebrained idea I am thinking it seems

I don't know about that... I know that there are people making pretty good money after buying or building property near private schools and universities.. Each room has between 2 & 3 bunk beds good for up to 6 students at 4k a pop..(24k per month per room during school year) That's including power bill so let's say 20k profit as they are just fan rooms.

Problem is finding a house in an ideal location at the right price.