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Old 10-07-2008   #25
Hell Puppy
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Join Date: Oct 2002
Posts: 6,523
Default Re: What changes are you making due to economy?

If you have the house or the credit to buy a house, and can manage a rental property it's not a bad time to buy for sure.

But you need to be willing to sit on it for 5-10 years. And you have to watch your cash flow. Gotta be able to eat vacancies and repairs or you could become one of the drowning.

I've always been more fond of undeveloped land. I like land because they're not making any more of it (well, maybe in dubai).

I have been keeping an eye on multifamily dwellings though. I wouldn't mind having a small apartment building and hiring a super to deal with all of the onsite stuff I have no time for.
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