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December 06, 2007


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Hmmm. I like the idea in principal, but I would struggle to find a city in the UK that was significantly cheaper than the one I currently live in. I certainly wouldn't find one where I could afford to buy several houses. Nice to hear someone's done well with this idea though.

Living in South Carolina I know that this works in large portions of the Southeast. In our area we can purchase a small 2 or 3 bedroom house for less than 40k and have it be in reasonable shape. You can purchase a fixer upper for around 15k. We are now saving money just to purchase houses for rental income. We plan on putting atleast 50% down if not pay for the whole house with cash. Not to mention we got our 2300 sq ft house for only 140k on an acre of land. BTW it does snow here. Once a year

I also like the idea of investing in real estate, and I'm looking into it for the future. However, I'm not sure I'd call owning 7 houses in the same town diversified.

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