I have been sucked in on future value higher potential and pride of ownership many times but I learned my hardest lessons early in my career before I lost the ranch. If your goals are investing for current income and long term security, with the least amount of daily management involvement, then my strategies will work for you.
There are several, good economic reasons, why I favor keeping a flock of rental houses, but the reason dearest to me is they furnish me with cash every month rain or shine! Over the years, as the mortgages are paid off, I have extra cash on had to buy discounted mortgages, including buying back my own debt. It’s a very lucrative companion business to my real estate investing.
Houses are considered a basic necessity of life. The risk of loosing your investment houses, with any equity, is almost nil. Buy them right and structure the financing so your tenants can pay them off and you’ll be very well rewarded for your initiative.
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