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Updated almost 17 years ago on . Most recent reply

Mike Sales's profile image
Mike Sales's profile image
Mike Sales
  • from IN
  • Member since Mar 7, 2008
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Mike Sales's profile image
Mike Sales's profile image
Mike Sales
  • from IN
  • Member since Mar 7, 2008
Connect
Mike Sales
  • IN
0
Votes |
23
Posts
Starting Out

Is this stupid?

Mike Sales
  • IN
Posted

I was wondering if it always a bad idea to buy cheap homes in cash I'm talking homes that cost 10 to 15k and a few grand to fix up, then hold and rent them? In a few years you would have recouped your investment and everything after that besides maintance,taxes is profit..for umm as long as I want. Or is that the "long way around"?

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