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Thread: investing money or ways to make money?

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  1. #1
    papasage's Avatar
    papasage is offline Crappie.com 2011 Man of the Year & Moderator GA * Crappie.com Supporter
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    if i was a young man i would invest in rental property . i bought a house 12000.00 lived in it 30 years . put vinyl siding on it was 12,000.00 bought another house to live in and rented it and paid for my newer house with the rent then sold it for 25000.00now i have a house worth 60.000.00.
    retired and now i will always fish
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  2. #2
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    I did this with one rental house. It has already paid for itself so when I sell it then it will be all profit. I had an opportunity at one time to buy the one next to it and passed it up. I wish I would not have now. I could have turned a good profit on it. Someone else bought it. Right now property is over valued and will go back down some. It's not a good market right now in my opinion.
    Quote Originally Posted by papasage View Post
    if i was a young man i would invest in rental property . i bought a house 12000.00 lived in it 30 years . put vinyl siding on it was 12,000.00 bought another house to live in and rented it and paid for my newer house with the rent then sold it for 25000.00now i have a house worth 60.000.00.

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