Investing in Las Vegas.
I jokingly say you know it’s a good time to buy when your Realtor is buying… Which isn’t always applicable, but not a bad source.
Though I really am. I figure if homes get to even 75% of what they were, it’s a good enough gain for me, and I’m eliminating the brunt of the risk by cashing out at that point instead of waiting for it to reach its plateau.
Don’t waste energy on regret. The best time to sell was the time you sold. It worked for you or you wouldn’t have done it. Draw that line in the sand before you even write an offer.
What if it collapses before it hits 75%? There’s the good question. If the investment isn’t encumber-some in several areas, you’re less likely to feel the hurt all at once. If you’re generating a residual income from the home that surpasses the debt, are you really losing?
If it drops to a number below the 75% margin you’re looking for, it’s not the end of the world. Because the ceiling hasn’t changed.
-That means 100% is still 100%. It just isn’t your time at 75 yet. Feel free to tweak this plan as you see fit. 75% is a fair explanation point and one I consider safer than others.
The goal is to know when it’s time to cash out. Any local that wins at the casino will tell you the same.
So you make several smaller purchases that each pay its mortgage and a residual income to you monthly. Certain areas may reach 75% faster than others. Certain circumstances will encourage you to hold a property longer than that. But do you know what’s even better?
It’s great to be able to make those decisions. Take your first or next step into investing and together we can create your future portfolio. Everyone’s plan is different. Together, we will design a unique plan that suits and often exceeds your needs and realistic expectations.