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Message
Posted on 2/14/16 at 8:47 am to stout
quote:
rentals suck
absolutely asinine statement and incorrect
quote:
he average person isn't getting rich off of them because banks aren't going to just give you an open checkbook to buy enough to generate serious monthly income.
you can get 10 conventional loans now per fannie mae. some banks will only give you 5 so then you find another to give you your other 5 as long as you meet fannie mae qualifications. After that you can use private lenders, partnerships, sub 2 deals, and by that time you should be able to do cash buys.
quote:
but it's a lot of headache IMO.
nope. not at all if you do it right and/or have a good manager.
THis is all about building wealth slowly. Once your monthly PCF = or exceeds your monthly bills you are technically "retired". I'm doing great in RE as are many others here and it is by far my best investment vehicle and will provide a very nice retirement for me regardless of how the stock market does or any other investments.
This post was edited on 2/14/16 at 10:15 am
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