Don't wait to buy real estate, buy real estate and wait. That's my way to build wealth. Imagine we have the opportunity to buy real estate 10 years ago, how many will you buy? As long as my rental income can cover ALL expense (PITI), I'm going to buy as many as possible. Really! Although it becomes harder and harder to find this kind of deal as price has increased quite dramatic over last several year, I'm still constantly searching for opportunity every single night. My goal is to keep holding, holding, and holding more and more properties in excellent area, and patiently wait for the long term appreciation in 3, 5 or even 10 years.
Wednesday, September 5, 2007
Don't wait to buy real estate, buy real estate and wait.
Posted by 529pm @ 9:33 PM
Labels: dream, real estate
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3 comments:
how do you search what area you wanna buy and hold you house? I just graduated and have a job, should i get start to get my 1st house now?
first, start with area that is driving distance to where you live. You want something as close as possible because there will be so much to learn, especially this is your first house. if you're buying for own living, it's always recommended. get started with some lower than avg price range property is not a bad idea.
thanks for your ideas.
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