Investing in Real Estate - Creative Opportunities Message Board

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Non-Tech : Investing in Real Estate - Creative Opportunities

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To: Smart_Asset who wrote (2402)	9/3/2014 6:34:38 PM
From: John Vosilla	Read Replies (1) of 2722

All part of the cost of doing a hands on business rather than the passive route most end up taking. Lots of deadbeats all over our society but I treat my tenants well. Most of the time works out well and i have the ultimate satisfaction of giving people real nice refurbished homes at a good price..win, win for everybody including the local community.. Remember also my cap rates are over 15%, have no leverage and I have significant equity in every deal as I buy distressed needing mucho repairs for cash... In five or ten years I can sell them on terms and collect a stream of mortgage payments for the rest of my life travel the world like Jurgis... Or stop buying now hand them off to a property manager start that gig next week but I do actually enjoy what I do and am too young to retire quite yet..lol.. I also sleep well,,,this is much better than living a small biz that has you rapped up 24/7/365 or being at the mercy of the stock market mafia. No better protection from what the fed is doing.. Any stock market investor would kill for buying $80k worth of stock for $45k that I don't have to worry about it going down the tubes plus generates $7k of cash flow per year..

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