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Opportunity is missed by most people because it is dressed in overalls and looks like work. Yes, being a landlord isn't "easy money" but if you're willing to w
by ryanmarsh 10y ago
Opportunity is missed by most people because it is dressed in overalls and looks like work.
Yes, being a landlord isn't "easy money" but if you're willing to work a little you can make a lot of money slowly.
I've never seen someone loose their ass on a rental property, I'm sure it happens but you'd have to ignore the fundamentals. You can download plenty of spreadsheets online that will calculate whether a property cash flows or not before you even call the real estate agent. You insure everything, and put the cheapest everything into fixes.
Source: I grew up fixing and painting my dads houses in between renters.