I have a book review today that is about an investing strategy most of us know very little about; the niche of Mobile Homes. What I found out in reading Rachel’s book is that she covers everything anyone would need to know to get started with this particular investing strategy.
Choosing a Strategy
When most of us are just starting out and we are trying to figure out which strategy is right for us, we generally try a couple of different ones before we find “the one” that is right for us. I have said it before; I really believe that a strategy chooses us. You will find one (or more) that seem to fit perfectly with your experience, your goals and the lifestyle you want to create.
This is exactly what happened to Rachel. She had a vision of what she thought she wanted her business to look like; a large portfolio of single family homes. While she was certainly successful at this, it just didn’t provide her with the lifestyle she wanted. Being a landlord is not easy. It’s time consuming and can be very costly especially when the tenants move out unexpectedly leaving behind a lot of damage. For some folks like Rachel (and me), being a landlord was just a miserable experience.
Rachel’s Quest for Passive Income Read the rest of this entry →