The list author says: "The safest ways to invest in real estate are the tried and true ways. They may sound boring but they have been tested over time by many investors and they pay off in the long run. Fancy or complicated techniques are generally not the way to go. Shortcuts don't work. You must pay your dues, and learn as you go.
Terry Sprouse is author of the book "Fix 'em Up, Rent 'em Out: How to Start Your Own House Fix-up and Rental Business in Your Spare Time.""
"Author David Bach has a good succinct section about one of the safest ways to invest in real estate. That is to buy a home, live in it, then rent it - then do it again. I don't agree with his advise in other sections, but this section is well written and hits the nail right on the head."
"Play it safe by living in your investment property while you fix it up, then sell it after two years and pay no federal capital gains tax, as granted by the Taxpayer Relief Act of 1997. There is a good section describing this tax exclusion in Lucier's book."
"Another option is to invest in multi-unit rental properties. If you are just getting started, buy a duplex or triplex, live in one unit and rent the others out. Let the other renters pay for your mortgage payments."
"A great way to learn the ropes in real estate, and save lots of money is to sell you house by yourself. (All the better if you have lived in it for two years and qualify for a federal tax exemption.) This book describes a fast and relatively painless way to accelerate the home-selling process."