Show HN: Should you buy a house and rent it out?
I live in a 3 room 90m^2 apartment in central Aarhus in the middle of the university. It’s worth $350,000, but and you can rent out each room for $700-$800 a month, to an endless stream of students.<p>The guy who was elected head of our ownership organisation&#x2F;community (might be a danish construct) bought two apartments when he moved in. He did have $150,000 to make both loans not-bank loans (again this might be a Danish thing, but we have special loan institutions that cover 70-80% of personal house loans at really low rates). Anyway, the one he rents out pays for both loans, taxes and added expenses and after 20 years those loans will both be paid out.<p>It’s really kind of silly how easy life can be if you start out with a little money and use them wisely.