Thread: Money Investing megathread extravaganza
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Old 06-27-2016, 05:51 PM   #52
R8RFAN R8RFAN is offline
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Join Date: Sep 2001
Location: North Carolina
Casino cash: $8566872
Quote:
Originally Posted by LoneWolf View Post
That's smart investing.

R8RFAN could do something similar. Use some of his cash as down payment to purchase a couple of rental properties in undervalued neighborhoods.

I purchase land when the right opportunity comes along. I bought 75 acres 5 miles west of Wichita 18 years ago and leased it to a farmer. The city has now expanded to where the land is in a prime development area. It's worth anywhere from $800,000 to 1.2 million right now.
I would get scumbag tenants that cost me more than I was taking in.... I had a friend who owned 11 rent houses... he sold them all said it was a major headache for him
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