- Dec 9, 2021
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I bought and self-managed an 8-unit apartment building for the sole purpose of building a retirement nest egg. I enjoyed it, and it worked out well.Too late, lol. I'm a little too much like my avatar Ric Flair. Well, I used to be anyway. Not nearly as much booze or women, but I tried.
Contrary to popular advice, real estate is a good investment -- if you know what you're doing and don't over-leverage. It's cash flow. Everyone needs a place to sleep. Just buy in a place that's not prone to crime. People who buy a home because they think they're gonna turn a profit because the market's going up? No different than buying equities really. May as well be an index fund investor. You can't time the market.