05-05-2008, 08:33 PM
That's essentially what this guy advocates:
http://7million7years.com/
though his real estate investments are passive, not active.
Used to be you could build cash-flow and equity over several years as a small-scale landlord w/ SFRs, but all the houses on the market here have trashed rents - it's a much riskier endeavor today.
>I think keeping a minimum of 20% equity is a good idea. Take the rest of the equity and diversify.
http://7million7years.com/
though his real estate investments are passive, not active.
Used to be you could build cash-flow and equity over several years as a small-scale landlord w/ SFRs, but all the houses on the market here have trashed rents - it's a much riskier endeavor today.
>I think keeping a minimum of 20% equity is a good idea. Take the rest of the equity and diversify.