3 ms·
I've been investing in real estate for decades now, and the version I've always heard is that you make your money when you buy, NOT when you sell. Also, other
by senordevnyc 2mo ago
I've been investing in real estate for decades now, and the version I've always heard is that you make your money when you buy, NOT when you sell.
Also, other than flippers, the vast majority of real estate investors I'm familiar with are very focused on buying cashflow, and prefer never to sell. It might be different for REITs focused on CRE, I'm not as familiar with that space, but my impression has always been that the biggest and most successful investors are buying and holding, not trading.
- SoftTalker 2mo agoSure, if you're buying in an appreciating area, and the rent covers the carrying costs, you hang on to the property as long as you can or as long as the property is a still a good fit in your diversification plan. I would agree that not overpaying is probably the most important thing.