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We all see it online, every single day. There is someone telling us how much more money we can make off of real estate by doing all kinds of crazy things.
Save yourself the headache.
Real estate is a transactional game, right? You buy, you sell, you hold, you lease. You do a variety of things to either appreciate the value of the asset or transact on it, so that you can get the big payout.
Now, all of these other schemes out here that people are talking about may not work. And if you’re looking for a get-rich-quick scheme, real estate may not be the game for you.
We’re not the stock market. We’re not going to go up 20, 30, 40 percent in two months or two days.
We’re going to appreciate your assets over time. So that means, if you’re a real estate investor, you might have a three-month, six-month or six-year window before you see any change in your equity.
Be patient, stick to it. Cover your costs, keep your building in great condition, keep good tenants, and you’ll make your money, don’t worry about it. Ignore all the get-rich-quick schemes. They’re just going to cost you money in the long run.