Not everyone is cut out to be a landlord, but for those who have the interest, now is a great time to begin investing. Record low interest rates, almost no vacancies, solid appreciation in the 3rd hottest market in America . . . that spells opportunity
I can think of few things better than having a few tenants pay off a rent house that will later pay for a youngster’s college education or help fund a more comfortable retirement. That has a nice sound to it, doesn’t it?
I’ll offer this personal example. In 1977, I built a duplex in South Austin. My labor and a $34,000 note was our total investment. We still own it. It would be interesting to know just how many times over our tenants have paid for that duplex. They paid for it. We just maintain it . . . and cash the checks.