No. of Recommendations: 0
Rental property is a business and one that you need to learn to be successful.

If you buy them right, hold them long term, pay off the mortgage, get good tenants and maintain them it can be excellent. In the right location, rent can rise with inflation (much like common stocks with a history of increasing their dividend). Overtime, your income and return on investment can be very attractive.

Perhaps low real estate prices presents an opportunity to buy and get good returns when the economy recovers. But generally, it seems to be a long term business. Getting rich quick is not easy.

Some say college towns are a great place to invest. You can get students to do maintenance and manage the property and you have a steady supply of tenants.
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