Re: Buying property
I have only done medical office space and single family dwellings. Strictly an amateur. The hassle factor is far greater with single family dwellings, but they are smaller/cheaper. Looked at apartments and duplexes but never found a good one. The apt market in Raleigh is dominated by builders. Older ones for sale are overpriced. Regular office space is doing less terrible in Raleigh now but there was a serious glut 1-2 years ago. Next stop will likely either be custom medical office space or an oceanfront flip/rental. Never done a strip mall or bigger. Wouldn't know where to start. Those in the know seem to make a lot of money off of them - we have two who occasionally play poker, one of whom is a gazillionaire.
Much more money in developing and building than in leasing. Insane money if you can pull it off. To me rental properties are just the next step up in the investor chain once you realize the stock market returns aren't very good. But real estate takes a lot more legwork.
Matt
|