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The Stick
Join Date: Dec 2007
Location: Someplace Safe?
Posts: 17,328
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My Uncle was a Baptist minister. He invested in rental property as long as I've been alive. His big thing was to rent section 8 housing. The houses had to meet a criteria to be rented to section 8. But it was guaranteed rent from the State, and the state paid to fix stuff, and to put the house back into original condition between renters. He had a relative handyman that the paid to do all the work whom also made a good living.
He invested everything from the reality back into it (buying and and lived off his preachers income. At one point he moved to a church in a different small town. He developed and built the house/neighborhood he moved into. Then built up the reality company in that town selling off his homes in the other.
When he passed he left his 3 kids multi-millionaires in the reality company. They got huge amounts of cash very quickly just from not re-investing like their Dad did. One took over the management and discovered she was the richest person in the small town she lives in, Wagoneer, OK.
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Richard aka "The Stick"
06 Cayenne S Titanium Edition
Last edited by RKDinOKC; 03-14-2019 at 11:59 AM..
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