Investments and More!-5 (continued):

So my take on the real estate investment is not to spend outrageous amount of money on one property but spread it around in different states. Here I need to mention that this investment is not for the faint of heart. You need a lot of money and a great credit (possible above 780) and almost a complete debt free lifestyle other than your mortgages.

Just always start small and with one property. If you live far away from where you are going to find your investment, try to choose an apartment or a condo since they are easily to maintain and cheaper than a full fledged house.

But it is not to say that you can’t buy a land or house too. In some places land is abundant and you can get more than what you will pay for a single house in other areas. So choose your destination wisely.

Again this is not to say that you should put every dime of your hard earned spare money in the real estate. But it is safe bet that in the long term, this can be your best investment.

Again if I had money, I would buy some apartments in the south (cheap land and property and cost of living) and some land and farms in the north or Midwest and sell it later on. You would need to have a trust worthy property manager to handle all this investments. But in the meanwhile you can still enjoy your investments by visiting them.