You'll be rich. You'll escape the rat race. You'll get off the merry go round. You can quit your job. You don't need any money. You can do what you want. You won't have to punch a clock. People will envy you. Did I mentioned you'll be rich?
All of the above and MORE are the promises of more than a dozen or so local real estate gurus just dying for you to give them $4,000, $5,000, $9,500 or more to show you how to instantly achieve all of the above AND more!
When you're there ask them about these unglamorous topics:
Uncooperative and/or deadbeat tenants; vacant properties and how to keep them secure, not to mention keeping squatters out; the ramifications of possession and stupid things like what happens if a tenant leaves and there are possessions left in YOUR property; Property Managers and their ilk; dealing with city-owned utilities like Philly's PGW and Philly water and the spectre of liens from tenants not paying their bills; mechanics liens (yea, that's a good one)... The list can go on and on and on. The point is not to scare you or even to dissuade you from investing, actually to the contrary. But get into it with your eyes WIDE open! And cut through the mountains of BS you're gonna hear on your way in!
Saturday, May 17, 2008
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