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Money and Finances
Reply to "Stocks, rental property, or upgrade house?"
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[quote=Anonymous][quote=Anonymous]I’m really surprised most people here do not recommend rental properties. OP, keep in mind that most people on this board don’t have an entrepreneurial spirit. I have rental properties. I started with a duplex. It’s not that much work if you know what you are doing. You have to figure out what your risk tolerance is. If you are risk averse, buy a sp500 index fund and done. If you want to take more risk and build more wealth, get into real estate investing.[/quote] +1 I agree with this. We've made a lot of money buying and selling last 10+ years. Glad we did it and now have experience from it. Property management was not a pain for us. Was it "fun"? No. But the gains we saw were pretty steady plus the rental income each month. It made it worth it. I also agree that its not for everyone, in fact I think its not for most people given people try to manage everything on their own with limited experience. [/quote]
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