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Updated about 14 years ago on . Most recent reply
What real estate moves create certainty?
We live in uncertain times correct? So what moves will make the future seem more certain or stable?
1. Buying below market value, that gives you a cushion if you have to sell, but you still have to sell, and the market can move on you.
2. Having a fixed mortgage. That way you know from month to month how much you're going to have to pay.
3. Paying off the mortgage. While this move doesn't enhance your growth potential, you're likely to get a constant stream of income without having to worry about a mortgage.
4. Having in homeowner's insurance.
5. Selling a property. This might be against the goal of growing a RE portfolio, but if the property is a liability, selling it may seal off a money drain.
What else?