Posted by Jimbob on December 23, 1998 at 13:53:16:
Good for you, there are two basic ways to get into the real estate investing business, you have already experienced one of them. The other way is to buy, fix up and sell properties for profit. Sure there are many more, but that’s the two major ones. Being a landlord takes work, and it normally takes a thick skin also, people can make money off rentals, and they are normally good long term investments. After a while you’ll get used to it. I personally mix the two tecniques I’ve described. By flipping properties, it allows me to buy more flips and a few rentals here and there, keep some variety in your life, it’ll never get boring. Over the long haul you’ll have amassed quite a small fortune, do you think the company you work for will do that for you?