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Updated over 1 year ago on . Most recent reply

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Logan M.
  • Investor
  • Provo, UT
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It's not about timing the market, it is about time "IN" the market

Logan M.
  • Investor
  • Provo, UT
Posted

In 2019 rates began to climb and the numbers started to become tight, almost nothing worked based on the the sale prices. I felt like I missed out on low-interest rates and was frustrated that I had not been born 3 years earlier. (That is a joke)

Then in 2020, COVID happened, which nobody could have anticipated. I was just smart enough to buy a lot of real estate in early 2020 and was able to get a ton of appreciation and strong rents.


Looking back at this situation I have relaxed a little bit and have come to realize:

#1 Nobody can time the makert

#2 Even some of the worst purchases with time can start looking good

#3 Real Estate with Leverage over time is the ultimate compounding that you cannot find anywhere.

Another consideration is the many ways to make money on a property: Rent, Depreciation, Debt Paydown, and Appreciation.

I never thought that debt paydown would be such a large number so don't discount these four ways to make money.

Most Popular Reply

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Tim Ryan
  • Investor / Mentor / Contractor
  • Arcadia, CA Buying Out of State
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Tim Ryan
  • Investor / Mentor / Contractor
  • Arcadia, CA Buying Out of State
Replied

Good post.  Investors need patience.  I will no work with those trying to get rich quick.  In fact, I tell people this is a Get Rich Slow Scheme.

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