|
Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
|
wd, I need investments of at least $50k to get into one property. I don't know of many younger folks carrying that sort of cash.
To me, buying RE at or near the bottom--RE in growing, vibrant communities-- RE that is in demand by growing families is a great investment. That's why I think 4-5% is a good return. It's a slam dunk for me. I have to convince others it is a great investment.
The other alternative is buying the distressed property with my own money, doing the rehab and getting it rented. Then, grandma gets a mortgage and deed to a sparkling clean house, and I get 70% of my money back.
|