Friend of mine told me many years ago that if you want to just make some money in real estate, buy run-down houses, fix them up, and flip them. If you want to make a living AND make money, buy apartments. I guess its worked for him- he has about 120 units, with a cash flow of about $30,000 a month, even after having sold a couple of buildings.
The key is rental value compared to purchase price- you can get decent apartment bldgs around here for about $30,000 per unit, vs. houses for 100,000 plus. Apts rent for $500, houses for $750 to 1,000- you do the math. Plus, houses require much more upkeep, because each house has 4 walls and a roof, and apts have one exterior wall, and only a roof for the top floor units.
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Today's Featured Article - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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