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re: Another reason why real estate > stock market
Posted on 1/5/14 at 3:32 pm to I Love Bama
Posted on 1/5/14 at 3:32 pm to I Love Bama
quote:
The average Joe can make much more money in real estate I believe.
They can but are you paying cash for these properties? Real Estate is all fine but it can be a balancing act when you have loans out for all these properties. They downside risk is larger and it involves way more of your time.
That being said, I do "live in" flips and its enough for me because i like to do the renovations myself. My wife wants to flip a secondary house though.
1
Posted on 1/5/14 at 3:34 pm to barry
I focus on lower middle class homes. I'll pay cash for this deal but most of mine are financed.
I keep $5,000 in replacement reserves per unit. This is plenty to take care of 6 months of more of vacancy, new water heater, carpet, etc.
I keep $5,000 in replacement reserves per unit. This is plenty to take care of 6 months of more of vacancy, new water heater, carpet, etc.
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