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Hey, I didn't want to respond to the real estate remark you made in the post where I responded, but now I kind of just had to. With real estate, there are hidd
by marketgod 8y ago
Hey, I didn't want to respond to the real estate remark you made in the post where I responded, but now I kind of just had to.
With real estate, there are hidden costs. The furnace breaks, the AC breaks. The stairs need something. The roof needs patching. There is mold. There is property tax. There are bad tenants. There are other aspects also. It takes time.
IMO forget real estate and get in the market. But I mean, I am biased right? :)
- joejerryronnie 8y agoRe: the hidden costs of real estate - yes, this all has to be taken into consideration when you run the numbers. But it works in the opposite direction, too. You can add some upgrades, or even a car port or storage unit, and increase the value and cash flow of your asset. I'm not looking at it as an either/or thing though, I'll still stay in the market just not 100%. Part of the reason I'm diversifying is because the market has been very good to me and I want to pull some of that profit off the table. In any event, I'm going to begin looking for the user named realestategod so you two can have a chat :)
- marketgod 8y agoThis all comes down to time. Time > Money.