Posted by Dr. Tim
on October 20, 2002 at 18:54:38:
Anyone have an opinion as to why one would rather L/O a SFH rather than collect rent ( assuming breakeven or positive cashflow) and hold for long term? I just turned 33, just bought my second single family home, with no of my own money ,including to rehab. But now am wondering about this L/O deal. Should I rent to own or just rent and let it appreciate over the next few years? Of course there are advantages to both but which is more condusive to my long range plans of acquiring an apartment complex or commercial property from the sale of smaller SFH's. Or maybe diversify and do a little of both? what are others doing to become wealthy in real estate? alot of L/O's or buying and holding, or flipping? I am determined to reach my goal, just wanted another opinion.