05-05-2021, 11:39 AM
Add "pay a fair price" to your list of rules. Real Estate is no different than stocks or any other investment. Chase a hot market and you might wait years to be even. Real Estate is forgiving over time but your entry is still important. It can take a long time to recover the extra $50K you didn't have to spend. You don't have to sell it anytime soon but it's comforting to know you can at any time. You might love being a landlord or you might not.