Re: Real estate brag...
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So how do you know it's a great investment? What if the tenant moves out and it's empty for a few months? What if it gets trashed by a bad tenant? What if it doesn't appreciate like you think it will?
These things aren't possible?
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so is him dying in a car wreck tonight...sometimes stuff just happens and there's nothing you can do about it, but usally a smart investor at least prepares to the best of their ability for a misfortune.
congrats at starting at 20...and congrats at ACTUALLY starting, I talk to so many 20-30 year olds that "want to start" but never do. Trust me, it gets SOOO much easier from now on. Actually buying the first place is BY FAR the hardest part.
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I'm not saying that it isn't good that he took this step. Chances are, it WILL appreciate and he'll do just fine, but it just sounded like he was a little naive. This tends to happen when you make a [censored] of money playing poker and just start throwing it into investments that you really don't know anything about. Having money, especially seemingly easy money, can make people think they are experts all of a sudden.
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