With the help of normal appreciation, forced appreciation, tax benefits, mortgage paydown and cash flow, I was able to hit the million dollar market pretty quickly.

Water heaters need replacing, bank errors occur, tenants move out, real estate bubbles happen, etc. 

Given that real estate, in the long term, increases in value on average 4% per year, does purchasing a home make sense?

Purchase price: $10,000 Cash invested: $75,000 New construction, purchased a home in condemned form form being I could do repairs and wife could sale being her real estate firm What made you interested in investing in this type of deal?

The best tools to take advantage of as a new member are the keyword alerts and local meetups.They help you find the right discussions and connect, in real time, with like-minded folks in your market.All the best to you!

Whether or not the other benefits of new construction outweigh this diminishment of potential appreciation could be the topic of another post.Deeper dive and feedbackI’d be super interested to hear from folks on this topic.

I do fortunately have room to absorb that loss, but with increased taxes, insurance, and maintenance/repairs starting to get reeeeally thin on the margins 😬Yeah, I hear that.For me, real estate has always been a long-term game.

Good or bad for the City of Philadelphia and more specifically the real estate market?

This psychological trap causes us to stick with a plan even if it no longer serves us and the costs clearly outweigh the benefits."

. § 452.03 states that no person may engage in or follow the business or occupation of, or advertise as a real estate broker or salesperson without a license.