I heard somewhere that owning homes is not as profitable as they may seem. In the past, they might have been. Even owning a home..after you’ve added up all the expenses, how much do you really make after selling it? I would rather rent to invest my money..then buy a house cash. That’s my plan anyway. THen I won’t be giving more to the bank than I think necessary through interest.

Right now with the real estate market somewhat unstable(in georgia at least) Its not the best thing right now. Too many people are selling and not enough are buying.

My dad used to be in the buisness as a side job but no longer does it becasues of the unstable market.

Otherwise it was a lot of fun and the first house he re-modeled was a success.

Goodluck!

I am also planning to go into rental business, sort of a dormitory near a school. But I am contemplating whether to continue with this project or to build a condominium with 4 units instead.

What can you suggest guys?

I'll go rental also, i can't see myself going the way

MY husband always wanted to flip a house. But I keep telling him I don't think it is a good time to do something like this. What do you think?

Thats a really smart move, you should be flipping houses as it can be profitable but beware dont borrow more then you can pay.

Borrowing is the key to succeeding in Real Estate. You have to use all avalible leverage. You can maximize your cash flow that way.