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I was going down that path a few years back, until I realized that after property tax and maintenance, it would be like taking on an extra part time job and onl
by 13of40 8y ago
I was going down that path a few years back, until I realized that after property tax and maintenance, it would be like taking on an extra part time job and only getting about $10K per year in return. And that's assuming they don't destroy the place.
- readhn 8y agoDepends on the locality and when you got in - in the real estate cycle. The goal is to have a property pad off by tenants in 20-30 years so you have a nice nest egg to add to your 401K. Best investment are certain multi-unit properties - thats where the math works the best.