29 May 2018 | 40 replies
I could *potentially* understand holding onto a property that breaks even after ALL expenses (P&I, Repairs, Cap Ex, Management, etc) if there's a good possibility of appreciation due to some sort of gentrification in the neighborhood but remember appreciation is never guaranteed so it's more of a gamble.
22 December 2020 | 57 replies
Claiming such is more akin to gambling.
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15 October 2019 | 133 replies
If your not in control of the upswing what you buy is a gamble.
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25 November 2019 | 146 replies
Congrats on recognizing a deal with such great potential.
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16 March 2019 | 49 replies
I don’t consider what I do gambling.
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17 October 2019 | 42 replies
Holding for appreciation is always a gamble but with the run up in values in NYC and surrounding boros... holding now and counting on much further appreciation is an even bigger gamble.
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9 May 2016 | 18 replies
The downside to this is banks do not recognize this money as income and will not allow me to finance a mortgage.I am seeking a possible partner of some sort to get started.
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30 January 2023 | 9 replies
If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.
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1 September 2021 | 7 replies
Running into a tough time (Amplify CU had some really weird rules around recognizing rental income from our other properties).
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30 May 2017 | 11 replies
If your gambling on appreciation, that's a pretty safe bet.