The recent real estate downturn has done nothing to tarnish real estate's long-term investment prospects. If anything, today's low prices have enhanced them.
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Every home seller today is in stiff competition with the next guy down the street with far less buyers in the market place.
This makes it far more critical for your home to be polished when the for sale sign gets placed on the lawn. In a buyers market those that are looking at your home are far less forgiving. It is easy for buyers to be choosy because there are so many more homes for them to look at.
I love the idea of owning several real estate investment properties and living off of the cash flow from the rental income. But while I love the thought, I’m not so sure I’d actually like the things that go along with owning investment properties (e.g. tenants, maintenance, etc.).