Any pinsiders invest in real estate rentals?
I paid my way through college and grad school on single family houses. I called it the slow flip where I would buy a crappy house and fix it up for 3 years and then rent for 2 and sell to avoid capital gains on primary residence (have to live in it for 3 out of last 5 years of ownership). I then sold those houses over the past few years while putting my wife through professional school.
She is nearing completion and hopefully returning to gainful employment in a few months, which means I am starting to research future investments. I would to stay in real estate as I like the material asset and also the possibility to draw an active income off the investments.
I am only familiar with managing single family and am contemplating either smaller business real estate or maybe a 4-8 unit building for my next jump.
If anyone has any insight or real life experience and is willing to talk, please let me know.
I have a year or so before being ready to jump but am starting to research options more at this stage.