Quote: (11-30-2014 11:59 PM)Peregrine Wrote:
You make money in real estate when you buy? I'm not sure I follow.
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This is as crucial as getting out before the 20-40% corrections when they are as evident as 2008.
In that case, I'd get out now.
You need to buy below market value, in order to get instant equity in a property. But essentially, the money is in the good few deals, and you should never bank on a property appreciating.
Corrections are cyclical, even if you don't get out, the market rallies; it just takes time. Just don't sell when a stock starts falling. You have to treat all of these investments with cold calculation, not with emotions of happiness when you make a dollar, and depression when you lose.
"Money over bitches, nigga stick to the script." - Jay-Z
They gonna love me for my ambition.