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I don't know if I should buy a house to rent out?

I am going to buy a house to rent out. If i get the right tanets what could go wrong? Would it be realistic to buy ths house if i would have to sell it in about 1 to 2 years. As there are costs of buying and selling. Would I have to pays any taxes if so how much? thanks

If you're going to buy a house, you should expect to wait 4 to 5 years to sell it, so you can at least get your money back on it. You would have to pay various taxes on it, but I couldn't really tell you how much they would be.

Also, consider that people who rent houses are usually planning on sticking around (moreso than apartments) so I'd imagine it would be harder for you to get tenants if you told them they had to move out in a year.

Unless you need to shelter income, purchasing a home to rent for two years before you sell, is a really bad move. This may have been a good move about three years ago . . . but the market has changed.

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