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Updated 5 months ago, 07/04/2024
Kansas City - Continued Portfolio Growth - Seeking Joint Ventures, Partnerships
I remember helping an investor-client of mine purchase 5 single-family home investments between 2012 and 2016. The average cost for each individual purchase was under $80,000.
He proceeded to rent all of them out and still owns them today. Rents have gone up and so have the values! Currently, the average value of those properties is around $200,000.
The moral of the story: Buy and hold. Get in now. Somehow. Some way. Play the long game. See what happens.
Part of our plan (my clients and partners) is to buy houses today that will have or already have a value in the $175k - $250k range and keep them for the next 10-20 years, perhaps longer.
What do you think a $200,000 house will be worth in 10 years? Who wants some of that action?