All Forum Posts by: Karl B.

The reasons:

1. They haven't found BP so they're not educated

2. They know a friend or family member who got burned in real estate

3. They're content with "sitting at home watching Dancing With The Stars" <--- that one is for Brandon Turner.

4. They invest in something else

5. They think they can't start investing in real estate because they have little to no money. 

Of course, we've all seen the light and know the truth, but the above reasons are most of the popular ones.

 That sounds like a plan. You should be able to rent it out in no time, if it isn't already rented. 

@Marshall Easlick Hi, Marshall. I did! I viewed the unit prior to closing and it has some work but isn't bad. The electric work won't be as intensive as I'd thought and most non electric-related repairs can be done by me. Had the upstairs tenants sign a new lease and will be working on the bottom unit (I've begun prepping it) as well as making a list for everything else that needs repaired. 

How was your closing?

 I've got a lot of research to do! :-)

 I've always liked the people of Texas as well as their governing ways and tax codes. So it's one of the states I really like. 

Awesome! I will definitely look into it. It looks like they have some water falls and some nice woodsy areas in Dripping Springs. Austin is too expensive for me but it looks like there are several areas around it (Lago Vista and south of there - Dripping Springs) that have a lot of what I'm looking for. 

 @Scott Wilson Thank you, Scott. I'm definitely looking into that area. Patty had suggested I check out Lago Vista and the Google image photos were impressive. If you know of any specific towns in the Hill Country area, please let me know. I appreciate it very much!

My 4-unit is from 1903. It's in very good shape, the basement isn't half bad and the home is structurally sound. 

Make certain you have a good inspector check the place out - as you likely know, old homes can have cast iron pipes, knob and tube wiring, etc. 

I suppose your area does play a part (especially if termites are bad) but I do remember a BP podcast where a woman had invested with her significant other in Salem, MA and they had at least one property that was many hundreds of years old. 

I don't think it's a big deal. There could be some pluses - like less noise. 

Growing up, my friend lived across from a cemetery and his family and I would often go for nice walks in there. It was like a nice, quiet park (with headstones, sure). 

I'd rather live across from a cemetery than a place where people are loud, like a bar. 

I appreciate it. Thank you. There are deals to be had. Closing on a duplex on Monday off of West 12th.  If you know of a good handyman, please let me know. Mine is booked up until mid-September. :-/