What is a sublease?
First of all, do you know what a sublease is? A sublease is when you lease out a property to another renter. A lot of people don’t know they can do this and in some cases you can’t, it all depends on how the lease was written up.
Find A Potential Fixer Upper
I know you might be wondering how you can make money subleasing a property and that is what I am here to talk to you about. The key here is for you to lease a property that is not completely fixed up. By this I am talking about old paint, torn up flooring and things like that. If you can lease a property like this for a very small amount, then you can put a little bit of money into it and fix it up and then sublease it to another renter for a little more than you are paying.