In terms of investment risk, rental properties are about the safest kind of investment you can make. Residential renters are easier to attract than commercial tenants. Houses are considered a basic necessity of life. The risk of loosing your investment houses, with any equity, is almost nil. Buy them right and structure the financing so your tenants can pay them off and you’ll be very well rewarded for you initiative.
Houses aren’t glamorous like shopping malls and high-tech commercial buildings but they are far better suited for investors, who start with very little cash and no reserves.
Most investors and wannabees are better off to stay away from strategies that sound slick. Over the past 10 years, I can recall the names of at least a dozen so-called investment gurus who expounded the virtues of a wide assortment of “get rich” techniques. Most of these pitchmen are bankrupt or working at a filling station today.
There are several, good economic reasons, why I favor keeping a flock of rental houses, but the reason dearest to me is they furnish me with cash every month, come rain or shine!
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