Quote:
Originally Posted by joshgirls
yes. Because its so easy to find reliable tenants, & replace broken plumbing & roofs. & easy to double your money when the market rebounds in about 20 years. Good luck  |
Market will be back faster than 20 years. The prices on the houses are 1/3 of what they were at the peak of the bubble; which is too much. But getting the house back to a normal stable price won't take more than 10 years, probably less. Not to mention you're generating revenue the entire time. For me, I don't need the revenue. I'll just dump it into an account to pay for repairs, etc... And I believe I mentioned in my previous post hiring a management company to handle all the billing, tenant complaints, repairs, etc... I'd definitely take the hands off approach.