this post was submitted on 13 Sep 2024
1299 points (97.1% liked)

Memes

45575 readers
1514 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[โ€“] AeonFelis@lemmy.world 2 points 1 month ago (1 children)

So if you don't sell it, and instead rent it out to other people, he'd get a portion of the rent the future tenant pays? And I don't supposed said future tenant will also get equity?

I'm still working on a good way to provide value to a tenant for the rent they pay for a paid off property. Once it's paid off I only want to be charging what it takes to maintain plus a little more for unexpected problems. But again, keeping it is the less likely scenario. Down payments on their own place is the goal!