One thing I took from the book that has stayed with me most likey has to be the motivation is has given me. I have narrowed my search for properties within a given area, and have been focused on ROE's within a given price range. Do you think it is an asset and a gain to you if you can lock up a 50k ROE house 20-30 percent under the asking price, and find a tenant to pay you your mortage rate and a little more. In the long run, the price has to somewhat go up right, so you are looking forward to a profit? In other words is this decision worth going for even if some houses in the area sell for around 50k to, but you got it for 20 percent less. I am only 17, but highly motivated to make it to the top. Any help will be helpful:]
One thing I took from the book that has stayed with me most likey has to be the motivation is has given me. I have narrowed my search for properties within a given area, and have been focused on ROE's within a given price range. Do you think it is an asset and a gain to you if you can lock up a 50k ROE house 20-30 percent under the asking price, and find a tenant to pay you your mortage rate and a little more. In the long run, the price has to somewhat go up right, so you are looking forward to a profit? In other words is this decision worth going for even if some houses in the area sell for around 50k to, but you got it for 20 percent less. I am only 17, but highly motivated to make it to the top. Any help will be helpful:]