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Home >> Stock Forums >> Buy then rent

Buy then rent

AlfredSokol said: "This is interesting. [url=http://news.yahoo.com/s/csm/20050531/ts_csm/arent_1]Buy then rent[/url] seems to be the latest trend."

HappyHarry said: "People are falling for the get rich quick schemes as always. But I liked this quote: [quote] That's certainly the case in New Jersey, says David Legow, president of the N.J. Apartment Association in East Brunswick. He estimates that over the past two years rents are down 10 to 20 percent in some markets in the Garden State. Plus, owners have had to add free cable and Internet service, washers, dryers, and sometimes complete renovations.[/quote] Not great times to be a landlord of apartment buildings. Couldn't happen to nicer guys either :)"

BarbBQ said: "a guy i know does that. buys land and property for dirt cheap and then turns around and sells it for thousand dollars more than what he spent."

HappyHarry said: "I never cared that much for real estate. The human factor makes the profit unpredictable for me."