Quote:
Originally Posted by Josh C
Why do you say that? Any dealings with rentals?? If you pick and choose correctly and have a good business plan, everything should be good.
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Sorry I didn't mean to come off short. One of my immediate family members who I worked for was in the housing business.
Over the years he did a bunch of residential/commercial building. Then built and operated a few fairly large section 8 housing complexes from new orleans area to lake charles, apartments, also got into the hotel business for a bit.
There is money to made for sure, especially in areas where you can get some good deals on property with low interest rates. The returns on the investments may not come right away. Doing your own carpentry, electrical, and plumbing will save you a fortune.
Problems can include destruction of your property (drugs, fires, vehicles drivin thru homes....lol), people not wanting to pay, evictions, etc...
Plus the .gov is making it harder and harder on business owners with more red tape, taxes.
Check out this article I was reading today
http://finance.yahoo.com/news/Condos...89345.html?x=0
08-03-2010, 04:50 PM
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