Updated almost 11 years ago on . Most recent reply
Real Estate Wealth only come from motivated sellers?
In order for the cash flow and wealth to come from a property, must it be purchased at substantial discount? (Whether it be for buy/hold, flip or wholesale) Can RE wealth and cash flow come from "retail" prices? Is a fair price for good asset really provide cashflow and wealth?
*Excluding dramatic appreciation increases
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- Real Estate Consultant
- Summerlin, NV
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#1 All Forums Contributor
- Real Estate Consultant
- Summerlin, NV
sure time case in point SF bay area.. I bought my first house in Palo Alto for 185k in 1984 ... its worth conservatively today 2.5 million.. and this is not a mansion far from it 1800 sq ft 3 and 2 built post WW2 .. on 7k lot.
So yes ,,, but if your talking mid west or other markets that really never go anywhere in the mean.. by the mean,,,, I mean the average prices for average homes then maybe not.
- Jay Hinrichs
- Podcast Guest on Show #222
