Lower Income Area Multi-Rentals
There will always be people who will never own a home. There will always be people who will never make enough money to get out of a lower income area. These are usually easier to rent because they are lower priced than the average homes, which appeal to the lower income families. Assuming that you have a little bit of money to invest, you can probably buy a house and rent it out. For instance, assume that you have 0,000. You find a good house priced at 0,000. You make a down payment of fifty percent of the entire purchase price, you can use your money to gain conditional ownership of the house. Then you can turn around and rent/lease it out. This will enable you to make the rest of the payments outstanding, as well as make a little residual income.