Any landlords/invesment property owners around?
The wife and I are trying to figure out what to do. I am thinking about investing in an apartment building and living in/managing it. We have saved enough to make a healthy down payment on a single family house now or should have enough in about a year and a half to get something with several units.
I grew up pretty poor. My childhood was great and I have no complaints for going without, but I did not learn a lot about managing or investing money from my parents. I am very overwhelmed and don't even know where to start, but I do know that our window of opportunity to start the ball rolling on something bigger will tighten up once we have kids.
Any advice or stories about how you may or may not have succeeded in accumulating property, whether be collecting single family dwellings you now rent or running multi unit buildings would be greatly appreciated.
A good carpenter makes few mistakes, a great carpenter can fix his own.