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 - Product Review: Black Tire Paint - by Staff. I have been fortunate in that two of my tractors have had rear tires that were in great shape when I bought the tractor. My model "H" even had the old style fronts with plenty of tread. My "L" fronts were mismatched Sears Guardsman snow tires, which I promptly tossed. Well, although these tires were in good shape as far as tread was concerned, they looked real sad. All were flat, but new tubes fixed that. In addition to years and years of scuffing and fading, they had paint splattered on
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