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Updated over 5 years ago on . Most recent reply

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439
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Tanner Marsey
  • Rental Property Investor
  • San Diego, CA
578
Votes |
439
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If you plan to hold forever....

Tanner Marsey
  • Rental Property Investor
  • San Diego, CA
Posted

Does it really matter if you pay retail and buy via MLS?

Thoughts?

Most Popular Reply

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1,384
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Frank Wong
  • Real Estate Broker
  • Bay Area
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1,384
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Frank Wong
  • Real Estate Broker
  • Bay Area
Replied

Nothing wrong paying retail if you love the property and your plan is long term. Doesn't have to be hold forever but if it is 10, 20yrs why not. I always plan to hold for a min of 10yrs. I think there is way too much emphasis put into buying under market properties and trying to BRRRR.

A person's time can be better spent working making money and then using RE as an investment tool. Thats what RE investing is a slow moving asset that builds your wealth and passive income over time. 

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