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In United States
Registered Dec 28, 2010
benviews's most recent comments:
- On 21 May 2012
I'd be interested as well. Certainly more of a long-term investment plan than the lottery ticket group!
An LLC is a good structure, so long as the process for addition and removal of limited partners is clearly defined. I have less knowledge about a REIT.
- On 4 Oct 2011
What exactly is "Middle Class" Anyway?,
I think that is too high. See http://en.wikipedia.org/wiki/Household_income_in_the_United_States
This implies middle class is more $25-$75k.
- On 15 Apr 2011
Anyone like me ? 40 , married with kid and renting...,
I'm pretty close - late thirties. Second kid on the way. I actually own two apartments that I rent out (a long way away), and use some of that income to rent a house myself. Much more flexibility this way - I moved across the country for work recently. The rent keeps coming in and I moved when I wanted to rather than after a house sold. I've never lived in the two apartments, and have a good management firm taking care of them.
The main problem with this scenario is my inability to "do up" a rental place... So I find myself facing rental options that are either overpriced or a little worn at times.