Old 09-29-2008, 11:57 PM
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SF18C
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Default RE: Buy a 2009 Rt or Invest in Stock Market???


ORIGINAL: Billionaire

How about investing in rental property?
You can get paid rent every month forever.
I love passive income!!! Getting paid without working!
I heard there are organizations that own and manage rental property.
They do all the work and deal with all the hassles.
You give them your money and they will give you your share of the profits.
People will always need a place to live no matter what the economy is like.
There are other investments besides just stocks.
Personally I don't like stocks. They're such a gamble.

They say that when times are bad, cash is king. If you have cash, you can buy valuable income-generating assets such as real estate and businesses at bargain prices. They say to invest in businesses that provide basic necessities.

A new car is one of the worst places to put your money from a financial viewpoint. They just depreciate a lot and you lose your money instead of making money. A lot of millionaires are tightwads and they drive cheap old cars.

I have rental properties that are managed by Properties Manager...it works great. They do all the work for 10% of the rent! Rent is way over the monthly mortgage so other than the odd repair or upgrade, all profit! Every month I get a check!