Some interesting quotes/notions about real estate investment

#1. Don’t wait to buy real estate, buy real estate and wait.

People often do a lot of thinking on property purchase. Is now a good time for me to buy a house? Should I wait until the housing prices come down from their record level? How much money will I have to come up with in order to buy a house? Should I hire a real estate agent or can I actually do this by myself? How much does it cost to use a real estate agent? What are the other costs that may arise when buying a house? This is very normal. They do not want to make even a single mistake in the process of buying a home, for mistakes can be very costly. However, thinking too much about a decision may prevent us from attaining what we really want. Thinking will just makes the time pass. Bear in mind that waiting could be costly. What is the point of waiting when the housing prices may decline further but may eventually come with an expensive price tag due to higher interest costs?

#2. Never ever start by buying your own house.

We must not think of our traditional concept of buying house today. We should not expect we will only get one house in our whole lifetime, and then assume we will stay there forever. When it comes to real estate investment, it is advised that we should begin with buying some low-medium cost houses, either to flip or to rent out. In this way, we can make some money and good experience. We can then use this money for second, third or fourth investment and finally finish with our own house. 

#3. The more you borrow, the richer you get.

Have you ever heard of “the more you borrow, the richer you get" – a popular quote from property guru, Mr. Milan Doshi? This quote teaches us not to take money out of our own pocket when buying a house even if we have the money. We can just borrow from the bank, the more the better. Stop immersing yourself in the wrong impression that borrowing money was extremely risky. Borrowing money also makes sense when we can deduct the interest payments. You can actually retire within the next 5 years by having 3 million in property loans proven by Mr. Milan Doshi, provided it is a good debt. If you choose to believe this, I think you will now have a hard time convincing your parents and spouse who might still remain committed to the notion that the less you borrow the better.       

Stay tuned for more interesting notions about real estate investment.