Re: Investing gurus... need some resources
OK... I am feeling generous tonight and will share a family secret... and I am serious. We buy properties that we can rent. Our rule of thumb is to be able to charge a monthly rent of 1% of the purchase price. If you do that the property should pay for itself in 7-10 years depending on taxes, insurance, and upkeep. You may not have any cash flow for a while, but before long you have a bunch of properties with cashflow that was paid for by someone else!!!
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