On: Myth: Entrepreneurship Will Make You Rich

[didip]

I would buy real estates. Given a million bucks, I would buy five $175,000 homes and rent all of them out. By then, I could build whatever I want without needing outside money.

The best thing about this strategy? It can happen slowly and sequentially with minimal risks.

[dkersten → didip]

I don't think real estate is that safe and assured of an it'll make you rich. The Irish recession is caused primarily because the economy was held up by the real estate business. Now there are too many houses and nobody willing to buy any. As a result, the value of real estate has dropped and people with your money making plan have found themselves losing money instead.

[DTrejo → dkersten]

Assuming the houses are in a desirable area, it's hard to do badly over the long-term.*

*possibly very very long-term.