Walk The Neighborhood Real Estate Investing

by Don Glasgow

When I was about 11 years old (1970) my parents bought a nice home in a good neighborhood in Denver. They paid $30,500 (10% down would have been $3,050) for a 2600 sq. ft. 4 bedroom, 3 bath home. They sold it for $80,000 in 1989. (Their home would be worth $275,000 now)

$80,000 doesn’t sound like much money, but that would be equal to buying a home now for $150,000 and selling it in 20 years for $400,000.

How cool would it have been if my folks had bought all seven homes on the cul-de-sac that they lived on, as those homes came up for sale over the 20 years my folks lived there? Then just rented them out and held on to them all this time.

Have you ever considered buying a rental home or two in your own neighborhood? Think about it. Just buying one home a year for 10 years and letting your renters pay them off for you would add way over a million dollars to your net worth.

Don't let management hassles get in your way, when there are several good property management companies around.

Don’t look back with regrets 10 years from now, wishing you had bought that neighbors home to use as a rental. You can do this, and it's simpler than you think.