Sep 19 2007, 03:47 AM
QUOTE(Jordy @ Sep 19 2007, 02:15 AM)
Great..
Looks like I have to really look for other opportunities..
Thanks to those that replied..
But someone mentioned that I can rent the property for myself, and re-rent it out to my friends..
How does this actually work..?
Normally would this end up as gain..?
Meaning you rent the unit directly from the landlord. Looks like I have to really look for other opportunities..
Thanks to those that replied..
But someone mentioned that I can rent the property for myself, and re-rent it out to my friends..
How does this actually work..?
Normally would this end up as gain..?
Then sub-lease the rooms to your friends.
Collect rental(inclusive of water, electricity & maybe Streamyx) from them.
Assuming you rented every available room out, the collected rental should be able to cover the rental you're paying the landlord, ie. you stay for free.
Of course, collecting rental & paying utilities bill would be your job & responsibility.
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