Quote:
Originally Posted by LoneWolf
That's smart investing.
R8RFAN could do something similar. Use some of his cash as down payment to purchase a couple of rental properties in undervalued neighborhoods.
I purchase land when the right opportunity comes along. I bought 75 acres 5 miles west of Wichita 18 years ago and leased it to a farmer. The city has now expanded to where the land is in a prime development area. It's worth anywhere from $800,000 to 1.2 million right now.
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I would get scumbag tenants that cost me more than I was taking in.... I had a friend who owned 11 rent houses... he sold them all said it was a major headache for him