Quote:
Originally Posted by wyowolf
In Kali or most other places I dont know how you could make any money honestly.
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According to a number of people I worked with who were individually and jointly buying apartment buildings in San Francisco from 1970 to 2000, California was principally a capital appreciation play. Nothing I've read in recent years about rents and valuations has led me to think that has changed.
Because those investors had day jobs, they used property management firms to find and manage tenants and to maintain the properties. They were paying 7% of gross rentals for the service.
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