Posted by Lloyd Cook, Los Angeles on February 28, 2002 at 24:18:51:
Real Estate investing can be simple math. If you do you homework, you should know how much the units will rent for, how much vacant time to allow for, what the expenses will be on the condo/unit. From this, you can determine what cash flow you can expect to generate. Add in your tax advantage and see if this is what you want to do with your cash. Remember that you will be a landlord, responsible for the usual fixing, cleaning, liability, etc. Most such investments will generate more cash flow as time goes on. If this all makes sense, do your homework and sleep on it, then go for it if you don?t have too many goose bumps on your back. Good luck???