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Reply to "I am considering buying a rental property. Talk me out of it."
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[quote=Anonymous]We've had up to 6 rentals at once, and all had positive cash flows - 4 bought at auction, and 2 were bought but boarded up - and sold 4 during the height of the market. Buy low and sell high. You'll be very glad you invested in real estate. But you can also make some poor choices, so you have to know what you're doing. The 2 we boarded up were purchased for a $1 in Baltimore city. We sold them to an investor for 30K a piece a few years back. [/quote]
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