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how to become a landlord

how do you become a landlord if you dont have the funds to buy a property? are you telling me only rich people can keep getting richer :frown: karl marx was right
Original post by Anonymous
how do you become a landlord if you dont have the funds to buy a property? are you telling me only rich people can keep getting richer :frown: karl marx was right

Most landlords borrow (using a mortgage) in order to purchase the properties they rent out, and then use the rental income to pay-off the mortgage.

If you don't have the financial means to secure such a loan (from a bank or elsewhere), and you don't have the funds to purchase a property outright, then you have no property to rent-out. Hence you can't be a landlord.
Reply 2
Inherit a property, get rich and buy one, win a lottery jackpot, get a property as part of a civil partnership or divorce settlement.
become a lord of the land

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