Posted by ray@lcorn on January 16, 2004 at 20:53:25:
Ody,
In my opinion, “4 units” and “passive” are mutually exclusive.
To get to a point where an investment is truly hands off, it has to either be of a size that can support management, or a type that does not require management.
ray
???HELP, passive income people??? - Posted by Ody IL.
Posted by Ody IL. on January 13, 2004 at 14:35:51:
My question to passive income people who own apartment properties. Which do you guys prefer more, 4 unit properties, considering its for residential loans or 5 unit or more unit properties, considering its for commercial loans. My ultimate goal is to live off the passive income by acquiring lots of apartment properties like you guys, but am having trouble deciding if my apartment properties should be, four units or less properties or 5 units or more cause have heard about the good and bad stories when acquiring either residential or commercial properties, like stories about the pros and cons of residential or commercial loans, tenant problems, and so on. Any responses would gladly be appreciated and thank you.