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I'll have to reflect on this. It's true that I do love real estate, but I'm not sure you'd have to. My sense is that you'd have to enjoy it to some degree, perh
by ryanwaggoner 16y ago
I'll have to reflect on this. It's true that I do love real estate, but I'm not sure you'd have to. My sense is that you'd have to enjoy it to some degree, perhaps more than the stock market, but less than a job. Acquiring properties is time-consuming, but holding them long-term just really isn't, both from my experience and from what I've seen from larger investors.
- jaxn 16y agoI guess that is a key difference in real-estate and retail. The margins in retail aren't high enough to hire a management company to handle all of the details. Sure, there are store managers, but they have to report to someone. And there is turnover. I am going to keep the multi-family unit idea in mind for the future.