Monday, September 15, 2008

Stallion habit 46 - Do something once and get paid over and over

One of the best investments I have ever made was buying a trailer park. My wife groaned, but I kept telling her to look at the numbers.

The paperwork on this deal took about 45 minutes total. I now have the park paid off and net $2000 every month.

I spend about five minutes on the phone with my property manager every year. He pays all the bills, rents the spaces, and does everything for me.

What can you do once, and get paid for it over and over again?

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