03-01-2016, 04:39 PM
(03-01-2016, 04:19 PM)fredtoast Wrote: Don't buy a $100K unit. Use the $100K to leverage $300-$400K worth of property. The income stream should still cover the mortgage/insurance/taxes/maintenance/etc.
Plus managing property doesn't take 20 hours a week. It takes more time than most people think, but not 20 hours every week.
You are correct. I was just trying to keep it simple, but absolutely leverage the money to it's maximum.
