Anyone in real estate investment?

[Y2KSilverGT]

Lots of good info in here. Anybody here buy individual apartments and lease them out ? I am a no debt guy, so that's about my only realistic option any time soon ...

[black2002ls]

Deals are HARD to find right now. Gotta have feelers out everywhere (like War). I got a line on a house in east Plano recently, but it went to a realtor before I could talk to the family that was handling the estate. If you can get to people (family) selling an estate property, they like quick cash deals. Got my first rental that way. I bet I have 250k equity in it right now.
That said the rental market is crazy hot too. IMHO, the real money is the rentals. Check references REALLY good, charge a fair rent and modest increases. Let it cash flow, add to the inventory. I know a guy that has about 100 rent houses. He collects checks and manages his rentals...
You can always watch a "Flip or Flop" marathon and learn what NOT to do. I swear, the stuff those people do makes no sense. Buying houses unseen and not inspected. I wonder just what the REAL numbers are on their deals.

I hit an estate sale this weekend while we were out looking at properties. They noticed all of my property sheets on the top of my clipboard and when the lady was cashing me out she said that the house would be for sale, she took my name and number, hopefully they give me a call. I didn't think to put on my name/number that it would be a cash deal with quick closing.

I took my clipboard in with me for that specific reason, this post stuck in my head and that was why I did it. My wife thought I was crazy.