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Updated about 15 years ago,
Good bye stock market hello REI. Advice?
I don't trust our financial system to hold true for too much longer, so I'm looking for something a bit more tangible than mutual funds to invest my $$ into. Residential real estate is appealing, but I don't know a whole lot about the best ways to get started.
Can someone point a noob like myself to some good advice? For example:
- what's a good rule of thumb about rental property financing (down payment size, etc.)?
- are good rental properties always on the lower end of the cost spectrum?
- any tips for managing risk?
Thanks!