[quote=spdrun]A rental property IS a productive investment, if kept in good condition. A property bought with expenses > income with the hope of future appreciation is a speculative investment. That was MY point.[/quote]
Personally I NEVER buy an investment property with the hopes of getting rich off the back end with capital appreciation. I will only buy an investment property if the monthly cash flow makes sense.
IF there is any potential capital appreciation I guess that is icing on the cake but I think too many people go into real estate thinking too much on the possibility of capital appreciation on the back end which is a mistake IMHO.
