Money Problems
August 9th, 2009 by under Real Estate Investment. No Comments.
The economy is really making tough work of figuring out the best places to invest our hard earned money. I prefer to invest where I will see the best and highest return, but its hard right now because of the risks involved.
Ive decided recently that investing my money in real estate would be the way I would risk my money. I feel that the risk is low enough and I would most likely allways be able to at the very least get my money out of my investment. I decided a four plex would be the way to go, and so far so good.
I found a semi run down, 4 plex that was empty. I was glad it had no tennants because this gave me an easy oppurtunity to fix up the apartments one by one without having to kick anyone out. As I fixed up one, I put it on the market for rent, letting the tennant know that they would receive a discount on their rent until the renovation was complete. I felt bad for them cause the noise was loud pretty much from 8-5 or so every day. They didnt seem to mind and enjoyed the cheaper rent.
So with my blog here, I plan to kind of talk my way through the basic restoration or remodel involved for each apartment. They will pretty much all be identical, so I guess Ill only explain everything as a whole instead of each unit individually. Real estate has proven to be a great way for me to invest my money, as Apposed to investing on the stock market with high yield bond funds or online stock trades, which I have invested in, in the past. I now have several rental properties and have even flipped a home from start to finish.
I did manual labor my entire life, starting with mowing yards and landscaping to laying tile and remodeling homes. I have even built the home I am currently living in from the ground up. I didnt hire one contractor, but I guess its a good thing to have friends who can step in and give a hand once in a while. Thanks for stopping by and feel free to ask questions or post comments as I enjoy reading what you may have to say in responce to how I am getting things accomplished.
