The other way is to work for a company with a 401k, contribute to that (about $15K a year), let it build up, then quit.

A fellow investor told me that he was using a tactic recently whereby he has the buyer sign a quit claim deed at closing.

So I live in an apartment currently that is supposedly a "luxury apartment", there are however quite a few things done wrong here to classify it as "luxury".

During his presentation with lots of numbers that seemed quite inflated for today's market, one of his property examples looked very familiar.

Determining values has been discussed quite a bit, and there's some good information buried in those older posts.Jon

I've been interested in r.e. for quite some time (I even bought the Carlton Sheets program on cassette, b/4 cds existed!)

The cashflow is positive, but also quite small.

Interest rates are quite low right now.

I personally think this deal is a sound investment after viewing quite a handful of properties.

obviously the rents are premium priced for short stays/furnished places.I have heard success stories from those renting out middle/high end places to professionals, executives, etc who will be in an area for a month or two, and don't want a hotel lifestyle.Those types 'generally' cause a lot less trouble than most rental niches it seems.I'm quite interested in this as well, and am leaning towards it for my REI because I can then have some vacation homes for myself as well :)