Quote:
Originally posted by HeadPimp
$100,00 ....... That would be an easy 20% down on an $500,000 apartment complex, then reinvest all the income into smaller properties like single family homes. Should have a net worth of over a million in a couple of years, no problem. Plus I would have one hell of a retirement income.
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Depends on where you live, but good point, HeadPimp. I am looking into Real Estate here in Los Angeles. Unlike the rest of the country, $100K does not go far here when it comes to multi-family homes, the best looking deal I've seen so far is $350K for a 6 unit setup... in the HOOD. So I'm still looking, preferably something on the only part of LA worth living in...the West Side.