Random thought for ya here.... Yesterday one of my agents stuck his head in the office and told me that he met one of his clients from last year. He said he was actually thanking him for convincing him to buy this apartment building as a real estate investment. While the step to actually do it, was a big one and hard to take... he calculated that if he had left the money it took to buy the property where it was, today it would be gone! But! Today, thanks to my agent's efforts, he has a stream of income from the four apartments and he has a building that is appreciating. Maybe not as rapidly as in years gone by, but at least it is appreciating!
So maybe, diversification is the key here.... hmmmmmmmmmmmmmm?
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