Quote:
Originally Posted by Hog's Gone Fishin
My little town has such a high demand for rentals its ridiculous. My name is on the landlords list with the local chamber of commerce and I receive at least one call every single day from people looking for a rental.
When I moved here in 1998 there was nothing available . I had to actually buy a house just to move and it's never changed.
Now I have 17 houses.
When I win this lotto I'll own the whole damn town and rents are going to skyrocket. It's all in my plan.
I think small apartment buildings would be good with say 20-25 spaces but they can be a headache , especially if they are two story. When you get a broken water line on the 2nd floor it floods the first floor and it always happens in the middle of the night. I took a part time job for awhile last year doing maintenance for an apartment complex and it was as bad as having Hog Farm. People tearing shit up.
|
That is black rock and other corporations plan. Certain areas are passing codes that single family houses can't be built. If you buy up all available starter homes, turn them to rent and only allow multi units. You can control the markets and double the rent in a few years. People won't be able to save for a house and become reliant on you.