real estate

You should be saving everything you can so you're ready for the next real estate crash (it will happen).

Along with saving between now and then educate yourself on foreclosures and short sales so you're ready when the time comes to take action.

Save, educate and patience for now imo.

 

Before you get into real estate, ensure that you research landlord tenant laws wherever you choose to invest. Some states allow people to stay in your investment property and have lengthy eviction processes that favor the tenant robbing the landlord and prolong evictions.

Depending on where you are, criminal activity and non payment get dealt with rather quickly.

Others will not give a crap that you worked hard for your investment, nor care if you lose it.

 

I will add, check out this forum BiggerPockets just as this site is about everything trucking, BP is a forum all about real estate investing.

 

BIL bought a foreclosure in California in 1998 for $250k. Recently sold it for $1.1m. Had it rented 95% of the time. He said he put about $75k in maintaining it during that period. Beats a depreciating asset

 

I bought lots around mine, for few years. Along hwy 60 in nm. Have 20 of them. I wont get rich but might support me in few years. But sometimes i feel lots own me rather than i own them

 

Real estate has done me well.

Especially buying large parcels of land, developing them into small acreages and selling.