Real Estate

You should focus on your career and ignore real estate forever.

Seriously, what the fuck is it about real estate that attracts attorneys? Aspergers and real estate are like peas and carrots.

>>1660381
> Why wouldn't I be able to buy, say, a duplex and lease it out by the month, and use any gains from it to cover upkeep, while also reinvesting it in more real estate?

You're in a top Law School and you can't figure out the answer to this question yourself?
Hmm...seems fishy.

>>1660387
It's attractive because it's the closest non-autismo way to generate side income when you have a decent salary. Parents used to rent out properties when my dad was running his business a couple of decades ago and it was profitable enough for him that he had a nice padding to his bank account from it.

What would you suggest I do then as a sort of side job that isn't handing my money to an investment firm?

>>1660392
Your parents used to do exactly this and you're asking US if you'd be able to?

Why don't you ask your fucking parents?!?

This thread doesn't make an sense whatsoever.

Must be a troll.

>>1660393
Because they're dead.

Not to mention that was in the 70's-80's, not exactly the most applicable to the 2016 real estate market

>>1660397
Well it is more difficult now. Hard to find a property that will give a positive cash flow. If you can find one, great!

If you're paying cash (you rich Lawyer, you) you might find better returns elsewhere, but you can absolutely make real estate a part of your diversified portfolio.

>>1660395
What doesn't make sense is he's only gunna make $50k his first year. WTF?

And no fucking financial advisor worth a shit would work with you due to your lack of capital.

>>1660485
50k sounds about right for public interest

Landlord here: As with most threads, it's best to just say "go to biggerpockets.com and start reading".

In the US, real estate is still very viable.

>>1662585
Tell us some fun stories about toilets you've unplugged and losers you've evicted.

You get to see some seedy shit as a landlord.

>>1662637
Actually, all of the stories I have are pretty good, and I've done some section8 before too. No evictions or anything like that. In fact, the best tenants I've ever had have been sec8. The secret is that you must give respect to get respect. If you just have your hand out for rent, people will resent you. Be prompt and courteous with fixups and over-communicate.

But, now all of my stuff is professionally managed and isn't local, so there's no big tales. Had a sewer outlet pipe collapse recently and that costed me a couple of grand.