In 2006, Jason and Brooke Huerkamp funneled $400,000 into four
rental homes and a duplex in Mankato, Minnesota - home to four
colleges and universities. After finding real estate
investor loans and repairing the properties, the Huerkamps
began renting them out, shortly before home prices plummeted. The
investment has since paid off, as they now collect more than $7,000
in rent each month.
According to USA Today, the Huerkamps are not alone in
discovering this new-found revenue stream. These "buy-and-hold"
investors envision property ownership as a long-term investment,
unlike "flippers," who quickly spin off a home after conducting
repairs and upgrades.