Re: buying an apartment building with friends
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Also, real estate does not out-perform the stock market. You would be better off putting your money in NTDOY and let it double over the next year than buying some apartment building.
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Eh, it depends a lot on the kind of investing that you do. Most of my buy-and-hold properties give me a much better return than the market average.
There are lots of properties that don't though and for this OP, I highly doubt that he'd beat the market average. The OP is likely to pay too much for the property and will likely make only small gains or even lose money over time.
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