Quote:
|
Originally Posted by Darth_Porn
I think the problem is that a lot of people are looking at real estate as a market place instead of a long term investment. They are looking to cash in right here right now. This is not the stock market. They buy a piece of overpriced land and then expect o sell it two months later for more. Thats not how it works. What they should do is develop the land they have and then sell it.
Just like I did 
Also ... you must avoid being greedy. Why wait around to sell a piece of property and make 250K when you can sell it right now for less but at least you get the money in hand. |
Exactly. Real estate done well is the fastest, surest way to wealth there is. Legally that is.
It doesn't take long. A 1-5 year plan and you can walk away EASILY with $500k in cash and a net worth much more. And no money down at that if you work things right. I just don't like being a landlord. Too much of a pain in the ass. Me, buy a property or two, put some elbow grease and equity into it and let it grow in value. You can sell it down the road if need be.