Quote:
Originally Posted by fuzebox
We looked at some fourplexes, but I just couldn't force myself to want to own a shitty building in a ghetto area... I really don't care if I could make a little bit more per month in rental income, the headache is not worth it to me.
My formula of single family home that rents at 1% of purchase price has worked well for me so far.
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You are not alone in that analogy. I know a couple of people around here personally who follow that same method. Especially preferring the single family home to the apartment building. Although one guy's reason was a bit different. It came down to phone calls.
He said apt buildings you get calls all the time for plumbing, noise, parking places, etc.. Where you do not get that so much with single family places.