So..landlords..worth it?

musicmom
Sun, 17 Feb 2013 08:31:56 +0000

DH and I bought one condo unit in a small building about 25 yrs ago.
It is literally 2 blocks from our house. We were very young and naive and really had no
business doing this. I still marvel how we came out ahead, the RE market was so different (better) then than now.

Still, we had the vacant apt for a few months, the deadbeat half of two renter friends, etc.
Bought it for 77K and sold it two years later for 117K. Invested most of the proceeds for baby son’s college. That WAS a smart move…

I would not buy rental property again.