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Reply to "Do you know anyone who fancies themselves a savvy investor?"
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[quote=Anonymous][quote=Anonymous]I kind of feel this way about people who buy "investment properties."[/quote] Not always true. If you are buying an investment property bc you have decided that yours is the next hot area and values will double in 2 yrs -- yeah -- that's hit or miss and chances are you don't have the same knowledge and savvy that a full time real estate developer would have. BUT if you're buying an investment property in a reasonable area where it'll always be rentable, after having done your research and not expecting that YOURS is the property that'll command $5000 rent when every place else in the area is at $2000 -- then you are building equity over the long term and setting up an income stream that you'll have later in life.[/quote]
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