Posted by Laure on May 30, 1999 at 07:45:15:
I have owned property out of my area. One was a commercial building, and the other was apartments. I had a Tenant I gave reduced rent to help watch over the place and that worked very well… until she moved. But that lasted over 7 years !! I also owned a commercial building in the same city as the duplex. It was ok, since commercial doesn’t require much from the landlord…but when I did need something done…watch out !! They raped an out of town owner !!
Would I do it again? It was not a pleasant experience being out of control. But I did make a butt load of money on the two deals… YES. I guess I would do it again.
Hope I helped.