From: Al Klein 
Newsgroups: misc.invest.real-estate
Subject: Re: 1st Time Homebuyer - Realistic Time Horizon
Date: Sun, 29 Jun 2003 16:43:26 GMT

On 29 Jun 2003 14:31:26 GMT, gravedancer@aol.comnospotno (JD ) posted
in misc.invest.real-estate:

>I recently took a contract on my house of five years.  I would say that it was
>a good investment.  I selling it for $120,000 more than I bought it for in
>1998.  Not bad if you ask me.  My home before this one, I sold after living in
>for three years for $38,000 more than I paid.  Again, not bad.  I also buy and
>sell homes in the area and have not had a HUGH margin of profit as my own
>houses, but I usually make $15,000 to $40,000 on them.

After how long a time?  $20,000 in one year is worth more than $38,000
in 3 years.  Don't sell yourself short.  If you do 10 houses a year
you're making a nice living, even at $10,000 each.