If you live out in the country, you can buy housing a lot cheaper.
I work with a couple of guys who bought land and old trailers.
They get decent money for their investments. Just have to keep
the renters on their toes about paying.
If they are 5 days overdue, they get 5 days to vacate. No
questions. You can't listen to the sad stories. They can buy beer,
cigarettes and dope, but they can't afford the rent.
One guy has 2 wood frame houses and 1 trailer in Sheridan, Tx.
and the other has a trailer outside Baton Rouge, La.
I have another past co-worker who bought 3 dumpy old wood
frame houses outside Abbeville. He paid around $27K for all 3 and
gets $300/month for each one.
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