I remember talking to a friend several years ago about a great real estate deal I thought he should consider…
“It’s a duplex in an up-and-coming area where young professionals are flocking to… the rental market there is strong… your annual ROI just from rents is close to 12%… it doesn’t need any work… and you can buy it right now for about $20k below market!”
I was pretty excited.
But he reacted like I was talking about going to the dentist or something.
“What if the water heater goes out?” he asks.