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That's not technically a business, it is a business, and it can be a tough time consuming one. I've known more than one person who sold their investment propert
by api 1y ago
That's not technically a business, it is a business, and it can be a tough time consuming one. I've known more than one person who sold their investment properties because they were tired of being a landlord, which is a job.
Not saying it can't work. It can. But it's a business and a job/sidehustle not magic free money.
- john01dav 1y agoIf you hire a trusted property manager and have a trusted list of contractors to do all of your maintenance, it can be quite passive. Of course, you have to build these trusted relationships first, but I consider that to be part of the initial cost of the investment similar to working to obtain the money to buy the property (or make a down payment).