Friday, 18 October 2019

Rerent my lease to make cashflow

The price of rent is very affordable right now. I was thinking that a long-term idea for making money would be to rent properties with a 5 to 10 year lease in place and then you could sublet them (with the owners permission of course) and once rents were back up you could take the extra income as cash flow.
So there’s no money out of your pocket for initial investment other than a damage deposit. Just a creative idea that may work for cash flow.
Some people are also doing this and switching the rental property into an Airbnb (with full disclosure to the landlord) and making huge cash flow. Again they don’t have to buy a house but they can create wealth/cash flow almost immediately.
#TeamKander
#GreatIdea
#CashFlow
#CreateWealth

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