About taking life easy but every day I see new investments that are just screaming at me to take advantage of them . Real Estate is super cheap right now , at least on some items .
I have been approached by the Gold Company to put in more rental housing for their employyees . I do not want any more rentals on the ranch property .
Anyway a store has become available, (4th time) again that I can pick up for peanuts . With a little work I can place 4 living units in it . Two up and two down . Also a complete Laudry(sp) mat . I would also add a RV dump cleanout and two pay coin showers for the hunters/camper in the area .
The Gold Company will rent the whole complex and pay the total lease up front before anyone even moves in . Seems like a hella good way to get a profit tickle coming in each month .
This area is really hurting for rental housing and since this building has never been able to generate a steady income for its owners , I am thinking that changing it over to rentals would be the way to go .
OPinions ?
I have been approached by the Gold Company to put in more rental housing for their employyees . I do not want any more rentals on the ranch property .
Anyway a store has become available, (4th time) again that I can pick up for peanuts . With a little work I can place 4 living units in it . Two up and two down . Also a complete Laudry(sp) mat . I would also add a RV dump cleanout and two pay coin showers for the hunters/camper in the area .
The Gold Company will rent the whole complex and pay the total lease up front before anyone even moves in . Seems like a hella good way to get a profit tickle coming in each month .
This area is really hurting for rental housing and since this building has never been able to generate a steady income for its owners , I am thinking that changing it over to rentals would be the way to go .
OPinions ?