Buying lower-priced fix-up houses, using your own time & effort to fix them up (and that of friends and relatives), and renting them is a fairly low-risk, high reward way to generate wealth & security. The higher prices and more-difficult-to-obtain loans of today's housing market present both challenges and opportunities. In general, recession may be a good thing for fixer-upper investors. Recession can drive rental payments up, and drive housing prices down.
For more details on this topic see my article Fixer-Upper Rentals -- Recession-Proof Investing at EzineArticles.com.
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2 comments:
Great article, Terry~ love the title~
I wanted to post a comment over there, but couldn't find the button :-)
Connie,
Thanks for checking out my article.
I wasn't sure myself where the comment button was since that was my first article for ezinearticles. I checked it out and the button is just below the title of the article.
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