Quote:
Originally Posted by Pazuzu
Buy rental properties. At that level, buy a 4-6 unit apartment building. Everyone I know that has big rental properties sits at homes and makes money day in and day out will doing almost nothing, while those that own businesses make money sometimes, lose money sometimes, and put effort in all the time.
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I generally agree, but with a slightly larger number of units. At 4-6 units, one vacancy cuts your monthly gross by 16-25%. That can be a tough hit for a small rental operation.
I think I'd take the $1M and buy a 12 unit building - even if I had to finance a portion of the purchase.