the pieces are moving

My parents are getting VERY serious about their property investment plans. As of yesterday, the goal seems to be to buy a 2-4 apartment building that would include a flat for me. The other apartment(s) would be rented out for profit (or rather, to pay off the mortgage). My parents don't actually want to live there - at least not as long as they are able to keep their current house, which they love. They just want to "secure a future" for me and my sister. The chief obstacle to this plan so far has been that someone needs to manage said building, find tenants, make sure they pay their rent etc. - and my parents know that I have no desire to be in that position. And neither does my sister. However, as it turns out, my brother-in-law is more than happy to step up to the challenge. ( Read more... )