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Updated about 12 years ago,

User Stats

14
Posts
2
Votes
Philip LaRoche
  • Cape May, NJ
2
Votes |
14
Posts

New to investment properties

Philip LaRoche
  • Cape May, NJ
Posted

All,

I have been watching the housing market for the last few years and it has always been something I have wanted to dive into. I have owned other businesses and I had clients that owned rental property. They gave me some advice and I like what they had offered, but they bought their properties 30 yrs ago.
I would like to hear from some of you that have been doing this a while about weather or not it is worth it. There are a ton of properties where I am that I can them pick up cheaply, they all need various amounts of work, but I am pretty handy. I won't be taking out any loans as I have a partner and between the two of us we can provide the needed funds to purchase 4 properties to start.

If you had the chance to do it all again would you?
Has it been profitable for you even dealing with a tough tenant?
How much time to you spend on each property per month, once it has been rented out?
Do you have any advice for a green horn starting out?

Thank you for your comments and advice.

Phil

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