Louisville, KY · Member since 2014 · 78 posts · 2 votes
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?
Plymouth, MI · Member since 2013 · 13k+ posts · 19k+ votes
11y
No. Wealth comes from Cash flow. Equity will make you rich, but is as trophy with no real use other than a base point that refinancing is based on. I'll change my mind when I can pay for a pizza with a brick from the part of the house I have paid off (equity).