Quote:
Originally posted by slavdogg@Nov 11 2003, 08:16 PM
i know some of you are putting money into real estate. Look into 5+ unit buildings. from my experience best investment properties are 5+ unit buildings. At 5 or more units it becomes a commercial property. Slightly harder to get mortgage for but they sell at much lower multiples where you end up with easy positive cash flow and still negative depreciation.
its like pulling money out of your ass (_$_) 
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Trailers too. An old boyfriend of mine has several acres of property and buys repossesed trailers at auction that are less than 2 years old for $5-10K. Puts them on a cement base and rents them out with no lease on a month to month basis but charges weekly. If you don't pay, you're gone w/in a few weeks (most evictions in GA take 4-6 months). He makes his initial investment back in 1-2 years and everything else is gravy.
His mother has about 40 of them. His best friend called him a slum lord until he bought some land that already had 2 trailers on them. He's since started investing in them heavily.
Granted, this wouldn't work in San Fran, but in rural GA, it's a money making machine. :P