Originally posted by Account Closed:I'm reading a book ("This Time Is Different") about past bubbles, and found the below paragraph really interesting.

I took the money that I used to spend on dinner out, movies, and other frivolous nonsense and put it into a savings account instead.

This doesn't account for cash flow, appreciation or tax benefits.Real Estate is a great & proven investment vehicle.

I’d say it depends on the strike price:A- basically turnkey, pay out the nose, appreciation play, break even or negative cashflow B- “cosmetic “, still low equity, some or no cashflowC- “needs work”, some equity but if it’s SFR not that sexy, .8-1.3% cashflow D- distressed, equity gets eaten up in repair but might get 1.3-1.5%You have to take into account any financial motivators, liens, concessions, the neighborhood, schools, taxes....Find the best value in an emerging market.

Then you get the rent automatically deposited to your account every month.I had a friend get me into section 8 tenants as I was already doing affordable housing.

And in a lot of cases, sellers tend to not even be able to produce those as its all shoe box accounting.

We're not looking for a bank to be the administrator, but simply hold our trust account.

Originally posted by Account Closed:Buy for $3k and sell for $40 ?   

Originally posted by Account Closed:For residential property management, I've used Alltrade Property Management, especially for 20+ units.

As Account Closed says, maybe the best for u is looking into Isla Verde for a vacation rental if u want turn key.