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<blockquote data-quote="moreluck" data-source="post: 2026552" data-attributes="member: 1246"><p>Owning rentals is for <u>young folks</u>. We owned 13 at one time and we were able to manage them ourselves......very profitable, but flipping when they doubled in price was where the money was made.....I had my realtor's license, so absorbed much of the cost of buying and selling. We still have our first 4-plex in Idaho Falls and it's a little income each month. We pay a management company 10% to manage it.</p><p></p><p>Owning rentals is hard work!!!</p><p>We've been stiffed in the past by squatters.....got judgements against those kinds of people.....they eventually regretted their actions when their lives came to a standstill because of an existing judgement. Judgements eventally stop them from getting any kind of credit and eventually they grow up and want to buy a home....guess who they had to visit first??</p></blockquote><p></p>
[QUOTE="moreluck, post: 2026552, member: 1246"] Owning rentals is for [U]young folks[/U]. We owned 13 at one time and we were able to manage them ourselves......very profitable, but flipping when they doubled in price was where the money was made.....I had my realtor's license, so absorbed much of the cost of buying and selling. We still have our first 4-plex in Idaho Falls and it's a little income each month. We pay a management company 10% to manage it. Owning rentals is hard work!!! We've been stiffed in the past by squatters.....got judgements against those kinds of people.....they eventually regretted their actions when their lives came to a standstill because of an existing judgement. Judgements eventally stop them from getting any kind of credit and eventually they grow up and want to buy a home....guess who they had to visit first?? [/QUOTE]
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