Real Estate Investing
Has/Does anyone on this board own any real estate and rent it out?
I have been doing it for the last 3 years, not the way I have wanted to but for other reasons. I am about to do it the way that I want too.
I bought a condo back in 2010 and due to circumstances had to move out of it and move to another city for a job, so I found a family to move into it quickly. I haven't really been making money on it but its been keeping me afloat. Now that I am about to finish school and have a job lined up, I will be getting back into real estate in a big way.
The plan is to sell my condo, and buy a house, get a couple roommates and use that extra money to purchase another house that I will rent out.
I am thinking if everything goes well I will add 1-2 houses to my portfolio every 3-5 years.
So does anyone have any stories or have tried this?