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re: Stock market vs real estate
Posted on 3/2/13 at 12:36 pm to Zach
Posted on 3/2/13 at 12:36 pm to Zach
quote:
My next door neighbor made his fortune buying cheap foreclosed property and renting it. He's a slum lord. I couldn't take the stress.
During the housing crash, NPR had a news story about Harvard graduates who pooled their money, bought foreclosed property from people who were underwater but had jobs and just renting it out to the original tenants. Peak market 600K$ house they got at 400k$ and their tenants pay pretty much the entire loan per month. Supposedly they made an absolute killing.
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