Quote:
Originally Posted by OMG!WTF!
I did ok with real estate but only because the market went up a lot and I happened to be in the right place at the right time. Looking back on the places I've owned and sold, I had a lot of close calls...houses on the river in Bowness, on the slippery slope in Wildwood, in leaky condo buildings, maniac tenants, fires, locusts. There's so much uncalculated risk. It's a young man's game and I'm 41.
|
Great post, thanks.... this line stuck out to me, is it really a "young mans game" ? I never thought about it that way, but now that I think about it, it is true.
I've been thinking of ways to mitigate the risk I take from bad tenants, et al... I guess this only really applies to where I live, but I was seeking out this option of perhaps being a landlord to section 8 housing (government sponsored housing) as I was told some 2nd hand knowledge.