From: Tam 
Newsgroups: misc.invest.real-estate
Subject: Re: Pay off home or buy second property?
Date: Sat, 10 Jul 2004 14:38:36 +0100

On 9/7/04 15:30, in article JIidnR2o9eU9MHPdRVn-hg@comcast.com, "Ron6"
 wrote:

> P.S.  As someone else here recently pointed out to me, you have to take some
> parts of the book with a grain of salt.  Some of the examples of specific
> deals, and properties bought at well below their market value, are a little
> unrealistic.  But I think you'll find the overall logic and analysis of why
> buying a second property might be best is fairly good.

Most of wealth is a matter of luck. The rest is judgment and experience. In
most markets the days when you could buy anything and make money through
price inflation are over. But areas where migration is a constant -- much of
Florida for example, are still under-built and under-priced.

You have to do your market research. There is no point in buying somebody's
book and trying to copy that person's strategy, which is usually dated,
inapplicable to your market, and dependent upon access to money that you
don't have.