Quote:
Originally Posted by Charles Freeborn
Buy real estate in a good neighborhood, then improve it, rather than wear it out.
My wife and I have made more solid profit there than any other investment or asset.
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Read this first.
http://forums.pelicanparts.com/off-topic-discussions/968931-joys-being-landlord-part927.html
As a landlord of commercial property I can tell you it is not all roses. We were called out at 1 AM January 1st because someone broke down the building's front door. The building is in a great neighborhood - right across from a church.
Last month our tenant noticed wet carpet in an office room adjacent to the HVAC room. Found a small leak in the AC evaporator tray that had been going on for who knows how many months. Had to replace drywall and carpet and treat wall studs for mold. RE is not a hands-off investment. Be prepared to be involved 24/7/365 if you really want to make money at it. Stuff happens at the most inconvenient times.