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Updated about 1 year ago, 12/14/2023
It's not about timing the market, it is about time "IN" the market
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.