O'Reilly logo

Landlording on AutoPilot, 2nd Edition by Mike Butler

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 24What's Best: Houses, Duplexes, Trailers, Apartments, Commercial, or Dirt?

I'm asked this question frequently. The real answer depends on YOU. It should be determined by gathering as much information as possible on each option and pile all of this information on YOUR scales to see which one gives YOU the most benefits AND the least number of headaches. The number 1 answer for me and many investors getting started is a “no-brainer.”

You'll get the good, bad, and the ugly on each. The ultimate decision is yours. Each will have a list of benefits, challenges, and problems.

Single-Family Houses

This by far, is the number one, simple, solid investment. From beginners to the old pro, it's a hard one to beat. Let's begin with the benefits for you.

  • Easiest to acquire. Single-family houses, as a rule of thumb, are the easiest investment to grow your wealth with the least amount of risk. Houses can be bought at “wholesale” prices. You'll be dealing with owner-occupants or just good, plain, old consumers.
  • Most house owners aren't investors; they're homeowners or “retail consumers.” As a sharp investor, this puts you at a tremendous advantage. You can buy “wholesale” and sell “retail” and sometimes more than retail if you're really good.

Years ago, I asked my good friend, successful, experienced investor, and mentor from Sarasota, Florida, John Schaub, why he likes single-family houses. His answer was simple. Although not his exact words, here's my summary of his answer.

With ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required