All in Real Estate

Using debt as a forced savings plan

I’ve repeatedly seen two narratives told over and over again. First of all, debt is bad. Second, although debt is bad, having a mortgage is alright because it acts like a forced savings plan, slowly enabling borrowers to build wealth. But can't the “forced savings plan” idea can be extended beyond simply mortgage debt, if executed intelligently with low interest, short term debt?

Can you remodel a condo?

It's much cheaper (and easier) to buy and fix up a $300k condo than a $600k house. Having just purchased a condo and renovated it, I can confirm that the numbers pan out, but it's easy to pick the wrong plac and end up losing money. No one wants to buy a $300k condo, put $50k into it and end up with a condo worth $325k.  Luckily, the right place can be fairly easy to find if you follow these guidelines. 

Investing in real estate when real estate is expensive

As I am sure many of you have read over the years, real estate can be an exceptional investment if held over the long term. At one time my family was in real estate, so I've been hearing that since I was a kid. When I was 14, my Dad put a copy of "How I Turned $1000 into Five Million in Real Estate in My Spare Time" in my room, and I was immediately enthralled with the relative simplicity of real estate investment, it's tangibility, and the access to leverage it enabled.