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Especially depreciation - a paper write off, but not a physical cost

I agree - I think they bought at $300k (or thereabouts) - and she admits in hindsight they just got greedy

I agree - but he was after specific properties that would appeal to specific clients and scored ... but not unreasonable to buy something commercial for, say $4mil, and with small improvement and right tenant be revalued at twice the purchase price in a short period ... talking industrial...

Start with one as soon as you can afford ... then a second as soon as you can afford ... then two more ... as said, it snowballs ... the hardest part is buying the first and then second Don't try and second guess the market - after watching a cycle or two, or doing some study, you get a gut...

Didn't I see something a while back - someone on this forum who shall remain nameless - who bought an industrial site for $4mil - cleaned it up significantly (removed many many truck loads of rubbish) - got an international tenant in - revalue by bank at 10x purchase price. Is do-able

Very true - I have friends who own a couple of properties in a volatile mining town ... rent dropped from $2,000/wk to can't get tenant at $300/wk ... pity they retired expecting the larger amount and are now really struggling. Wife wanted to sell when the rent was high - they would've...