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In short: to make money in property, you need to be able to buy at a good price. You make your money when you buy, not when you sell. Plenty of people buy inve
by charlesdm 7y ago
In short: to make money in property, you need to be able to buy at a good price. You make your money when you buy, not when you sell.
Plenty of people buy investment properties generating them 2% a year thinking they're doing great!
This is however generally different to owning a house. If you want to own a house, it shouldn't really be seen as an investment, more as a place to live and put down some roots.
You shouldn't invest in putting the best kitchen in your rental property, but you can do that in your own house if you want to.
- c0vfefe 7y ago> You make your money when you buy, not when you sell. That's a false dichotomy - we should "buy low, sell high." Obviously both events contribute to your total ROI.