Posted by ECB on July 20, 2003 at 13:38:32:
First, not all REI are lucrative. Anyone with experience and being honest will tell you of at least one mistake they have made. The good news is that you learn from it and, trust me, you will not do it again.
Having said that, I think the important part is to have a CLEAR SET OF GOALS. What do you want to accomplish from REI? A regular income or lump sums of cash at discrete points in time. How much time to do you have? This will indicate rehabbing, fixer-uppers, or just buying and collecting rents (in theory). What are your talents? How much time do you want to spend (versus how much time you have)? What are your other financial obligations? Do you need a regular job for a while? What does your balance sheet look like? Are you invested in stocks, bonds, mutual funds, 401(k), etc…all this dictates what is lucrative.
If I knew the most lucrative REI, I would quit looking at everything else and focus just on that – whatever it would be.
Hope that helps.