Quote:
Originally posted by angelsofporn
california realestate is a good place to be..hire a managment company to rent them and deal with everything..in ten years would be in a good place with money making money for you
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OMG - Real Estate? Better know what the heck you're doing.
And know how to buy the cycles proplerly.
You can lose money in real estate big time. Its not as easy as everyone makes it out to be.
I have one friend here in Florida who thought she was so hot, bought over 25 properties in 1 year, going around bragging about being a big property owner and crap and now the market is soft as hell here and she is having a hard time meeting her acquisition financing overhead and will probably lose the whole shabang unless a miracle happens.