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Old 10-14-2010, 12:45 PM  
Barefootsies
Choice is an Illusion
 
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Join Date: Feb 2005
Location: Land of Obama
Posts: 42,635
Quote:
Originally Posted by bossku69 View Post
if you have a pretty big bank roll (around $1mm) id buy a number of single family homes around $200k and rent them out to families. the mortgage would cost you about $1100/mo plus property taxes, etc, but you could probably rent it out for $1800/$2000/mo.
Interesting. Around here you can get those bread boxes for around $50-100,000.00 and they are like 900-1200 square feet with 2-3 bedrooms. My buddy rents them out for around $750-1000.00 a month. He said the 'key' is to get them under 100k.

Quote:
Originally Posted by bossku69 View Post
IMO, i value my time and dont want to be spending it all fixing up some unit for the next tenant to fuck me. people who rent single family houses are more proud of where they live then complex renters... says my friend who owns a number of each
Good points.
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