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SVTPerformance's Chain of Restaurants
Road Side Pub
I just can’t convince myself to buy a house.
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<blockquote data-quote="decipha" data-source="post: 16202256" data-attributes="member: 74327"><p>I suppose at this point I'm what one would consider to be a real estate investor since I'm always looking for up and coming neighborhoods and properties that I suspect are up and coming. I've been pretty fortunate because I don't take risks. I have always encouraged everyone that rents to buy their own home and for a first time home buyer its really easy to do despite how difficult people make it out to be. I bought my first house when I was 22 and paid it off within' 5 years making extra payments to principle working my ass off. After it was free and clear I purchased a 2nd home (mortgage) and rented out the first house. With that rent and my normal extra payments I paid off the 2nd home in no time giving me two houses free and clear. I then rented that out and bought another home (mortgage) and with the income from the other 2 and still making extra payments I paid that off in even less time. I am currently in the process of looking for my next house to do the same. If I had not decided to buy my first house and rented instead then all of this would have been wasted on rent and I would have nothing to show for it right now. </p><p></p><p>So in other words, renting will get you no where your just pissing money away.</p></blockquote><p></p>
[QUOTE="decipha, post: 16202256, member: 74327"] I suppose at this point I'm what one would consider to be a real estate investor since I'm always looking for up and coming neighborhoods and properties that I suspect are up and coming. I've been pretty fortunate because I don't take risks. I have always encouraged everyone that rents to buy their own home and for a first time home buyer its really easy to do despite how difficult people make it out to be. I bought my first house when I was 22 and paid it off within' 5 years making extra payments to principle working my ass off. After it was free and clear I purchased a 2nd home (mortgage) and rented out the first house. With that rent and my normal extra payments I paid off the 2nd home in no time giving me two houses free and clear. I then rented that out and bought another home (mortgage) and with the income from the other 2 and still making extra payments I paid that off in even less time. I am currently in the process of looking for my next house to do the same. If I had not decided to buy my first house and rented instead then all of this would have been wasted on rent and I would have nothing to show for it right now. So in other words, renting will get you no where your just pissing money away. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
I just can’t convince myself to buy a house.
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