2 Thoughts on Can I buy or rent an apartment, then rent back to someone else at a higher price?
  1. Reply
    Go with the flow
    April 6, 2013 at 6:59 pm

    Rent – no.
    A landlord will not allow it.
    You have to tell a landlord if you are moving someone in, etc.

    Buy – yes.
    When you buy, you can rent it out to Obama if you want to.

  2. Reply
    April 6, 2013 at 7:05 pm

    If you OWN the apartment, as long as it doesn’t have to be owner occupied, and as long as it’s not in a rent controlled building, you can rent it out for whatever you can get for it. You’d have to make sure that whatever you’re charging for rent is higher than your cost for mortgage, taxes, and insurance payments.

    If you RENT the apartment yourself, you can’t rent it out to anyone else unless your lease specifically allows you to sub-let. Most landlords don’t let you do such a thing.

    (And why do you think someone would be willing to pay you higher than market rent?)

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