arebelspy
Full time employment: Posting here.
- Joined
- Apr 26, 2011
- Messages
- 625
Fishingmn said:I know you said you were scared off by your experience with rental/investment property but that's exactly what I've been doing lately. In the last year I've purchased 5 rental properties with cash. All of them were bank owned or short sales and I'm getting them at prices of less than 50% of what they sold for 5-6 years ago. I'm only buying townhouses (no yard maintenance) and newer units built since 2000 (less upkeep). Earning 9%+ and plenty of appreciation options down the road. I project those 5 units will bring an income stream of over $30k/year which is almost half of what I'll need when I do ER in 3-5 years.
The majority of this board aren't fans of landlording, save a select few. But I agree with you on investing in real estate right now, FWIW.
But maybe not for this topic, as someone looking to invest cash generally (but not always) wants it more liquid, which is one big downside of real estate. Still, I suppose they could always get lines of credit on the houses, if they didn't need it very liquid, but just potential access if necessary.