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Originally Posted by GregWeld
NOBODY ever made any money buying a house that they LIVE in... because when you take into account the payments and the upkeep and the taxes etc -- they've spent way more than they "made"... but it SOUNDS GOOD!  |
You're right for most people, but not me pal. I have killed it on both RE properties I owned and lived in. And before you say I got lucky on timing, the entry and exit was planned in both cases, with a little wiggle room built in. It is possible if you understand RE, which again is easier said than done. I've spent a lot of time and hundreds of hours over the past decade studying RE cycles, economics, etc (because I enjoy it) so to me that is an area I follow and understand at a higher level than say the stock market. The market is the market and can turn on a dime, but RE moves like a big ship and is easier to predict typically. Everyone has their niche I guess. I wish I lived in Todd's market and I'd do the same thing he's planning on doing.
My old saying is in partial agreement with yours... A primary residence is not meant to be an investment, but if you play it right and know what you're doing it sure can be a killer investment.
Oh and you get utility out of it too. (from my Econ days)
Quote:
Originally Posted by Bucketlist2012
I agree. I could pay off the house, but at 4% interest, why ? I make more being invested..
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Exactly. My 30 year @ 4% will never be paid off early... unless I hit the lottery and get Weld cash.
Quote:
Originally Posted by Vegas69
My game plan is to secure 4-5 single family homes at these low prices/rates in the next 2-3 years max. Cash flow them and have 4-5 free and clears in 15-20 years for residual income and continue to invest X amount into the market in meantime. I can play the primary mortgage by ear.
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Love this plan.