I posted before that a friend of mine is trying to get me into Lifestyles Unlimited, a residential RE investing group.

The principles are buy good properties in upcoming or stable neighborhoods, fix them solid, but not extravagant (to make repairs/maintenance somewhat predictable) and then screen the fxck out of tenants.

However, they croon 20-30% down and leverage the rest. I told my friend I expect a 30% correction in Austin, more in other Texas cities.

I'm interested in RE as a good place to park some cash and make some returns, but not now.

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