Well, I bought a duplex in Bremerton. And with a little cosmetic work, I’ve managed to get one unit rented, and am now fixing up the second unit upstairs.

Lots of people talk about investing in Real Estate. But most never follow the dream. I’m always telling my friends how I pay less then they do in rent to own my own properties around the greater Seattle area. Yet most of them never get the picture. Home ownership is about building wealth. It’s not complicated, and as long as you do your homework, or hire a great agent, you can do just fine buying real estate.

Most people either figure they’ll get rich quick by flipping houses, quick fixes are rarely a good way to get rich though. My recommendation. Buy, fix-up, rent. Then use your equity to buy more rentals. Eventually you might find that the slow and steady method I’m describing will build you the wealth you desire, without all the stress and potential for loss of the “no money down” get rich quick schemes.

Being a landlord is not for everyone though. But if you have some drywall skills, and know a good plumber and electrician, real property is probably a better bet than Corporate Retirement Accounts.