Because of this, people don't remain committed to real estate investing. To make the point, Thomas asks us to consider taking a 35-day job where we can be paid either one of two ways. The other option is being paid only a penny the first day. Then, for each of the next 34 days, our income will double. Similarly, Thomas observes that many people who get started in real estate investing abandon it after only two or three years because they feel they aren't generating any noticeable dollar return on their real estate investments.
Most people abandon real estate investing when they only see the pennies in the first few days.
Thomas says that each rental property you acquire will probably take about two to three hours per month to administer and that real estate investing can be the ideal home business. She points out as few as five rental properties can provide a core, livable income in five to ten years. The financial advice in Rental Houses for the Successful Small Investor is solid. Thomas hammers home key aspects of real estate investing. The Chapter, Rates of Return on Rental Real Estate , is especially valuable.