Thread: Real Estate
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      08-15-2019, 07:46 AM   #26
Mardio
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Drives: 2017 X5
Join Date: Jun 2006
Location: Nashville

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I bought my first Duplex in Seattle in the early 90s. Back then it was easy to leverage and buy more properties. Sure interest rates were much higher but lender standards were also much less stringent. I bought most of my properties through word of mouth and with my ear to the ground. Back then the internet was just getting started and did not have much of a presence in the Real Estate market. As the internet grew over the years it made finding good deals almost impossible. Obviously sellers wanted maximum exposure so the under the table deals started to disappear.

Fast forward to today and multi-family properties in the major metropolitan areas are crazy expensive... you have to put down huge amounts of money just to break even. I couldn't even imagine trying to get started in today's investment market.
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