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Updated about 17 years ago on . Most recent reply
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A question from a Rookie
Hi folks, I got on to this website because of problems that were not my own--my parents. I was lucky to sell their rental homes for what they bought them for and I KNOW how lucky I am for that.
Here is my my question. I have been investing in different markets for many years. Won some; lost some.
Recently I have been learning a lot about what you people with rental properties go through. This website is VERY interesting!!!!
Ok, so here is a very short-sighted vision of what I have seen so far. There is a large contributor on this site called MikeOH. He seems to be the biggest thing going here. He talks about getting $100 month cashflow off his property with 30 % equity (at least at the time of purchase).
For many years I have been investing (besides doing nursing) and I can easily get 6 to 7( very liquid) percent return on my money without the landlord nightmare.
Can anyone please tell me where rental properties make sense>>>
His job seems to be 24/7, whereas I take off for months at a time!!!!
Alexis