- Dec 28, 2006
- 2
- 10
For those of u that have a steady income you should consider investment real estate. Ur not gonna become rich right away but in time u will like 15-20 years. its pretty expensive to get into but its a steady stream of income monthly. i bought my first apartment building back in 99' or 00' for around 350k and some change. I only paid out my pocket 150k and financed the rest about (200k and some change). The rent i collect is enough to pay the mortgage payments so, its basically paying for it self. And in a couple more years I will own it and collect the rent revenue for myself. i just bought with some friends of mind 6 more apartment buildings this year and should be done paying those off in about half time stated on the loan (30 years). So u dont see money right away, but after ur done paying u can quit ur job or wuteva and just live off rent revenue.
edit: i forgot to add i am 29 and i am gonna retire in about 15 years not bad right?, def start investing as early as possible dont work ur a@* off paying for a 40k-45k car that doesnt earn u nothing use it to buy anything that earns u money ANYTHING!
edit: i forgot to add i am 29 and i am gonna retire in about 15 years not bad right?, def start investing as early as possible dont work ur a@* off paying for a 40k-45k car that doesnt earn u nothing use it to buy anything that earns u money ANYTHING!