Well I have not talked anyone on the forum about this but I plan on investing in realestate. I located a 12 unit apartment building down the road for $345,000 and another 36 unit apartment across town for $600,000 and am thinking I may go for it

 

If you can afford it, go for it. But are you ready to deal with all the junk that comes with being a landlord?

Prices aren't too shabby either. Out here that'd get you a decent 1500sf condo.

 

I say if you have done plenty of research and feel up to it you should for sure do it. TONS of money to be made in that stuff.

 

Several miles inland.[&:]

Rentals always seemed like a good idea to me. Make sure you either A) are ready to devote your life to unplugging toilets and the such or B) hire someone to be on call to handle things like that.

Other than that, you just get paid for owning something... not too much easier than that.

 

Well I am kinda a "Jack of all trades" but the master of none lol so I can do a majority if not all work on a place to cuty down on cost and the prices these places are going for sets them up to pay for themselves and put money in my pocket. I have figured it up and at full occupency(sp?) I can pocket around $30k a year.

 

Go for it...
my dad was stuggling w/money, bought a house re-fi 'd after 2 years and is living well now...

I say do it, if u have the money...

 

i would say go for it if you really know what you are doing. a lot of people buy apartment complexes and have all these visions and dont follow up with it. these can be very profitable. i say go for it marty, if you can afford it man.

 

Get some advices first if you dont know much. The estate market is declining

 

Yeah, in Bonsall

 

and because of that - it's the buyer's market right now. This is a time to get an investment property. I've been thinking about investing into real estate for about 2 years now. I even completed the courses to get a RE license, but never had time to take the test. I just need to figure out where to get the money for the down payment.

to the OP: make sure you do a lot of research about the general location of this complex. Also, it's a very good idea to hire an inspector, just to be safe. For all you know, the building could be in a horrible condition (can't always judge that by the looks alone)