Tuesday, September 18, 2012

Quick Tuesday lesson

I don't know why but lately everyone around me has been so interested in buying homes and how to be smart about it. Ok so take this as a simple lesson about buying a home and squeezing money out of it, keep up because this is going to be super broad and general. (1) Buy a house priced fairly that you can stand.(it may not be your dream home but that's not exactly realistic for a first home) (2) spend time determining what you prefer and don't in a home, save your money for a home that can accommodate as many of those demands as possible. (3) Move to the new home while renting/leasing your old home (if you consider your first home purchase as an investment than consider profits from your rent/lease payments as a dividend) (4) Once the community and market of the initial home has reached a satisfactory price then sell it. REMEMBER: the name of the game is buy low sell high. Just because your investment instrument changes the fundamentals don't. Keep your mind happy and your fundamentals close to your heart.

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