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- Jul 26, 2007
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My thinking has really been stretched since I've joined this forum and was curious to hear if others have had brain stretching experiences since being here and what they are. ...And what you think you'll do - or maybe won't do because of your new stretched out brain.
For example, 3 months ago I was focused on SFR as a great (mainly safe and doable) way to get going in REI. Then my thoughts turned to, well why not a duplex. 1 house for $100k good, 2 houses for $150 really good, right? Then I thought, well what about a 4 plex? 4 houses for $300k really, really good right? Now I'm thinking what about 5-7 houses...whihc breaks down to $45-$55k a door. Holy crap! What's crazy is 3 months ago I wouldn't have even looked at anything this size because it seemed too out of my range and too risky. Too risky! I get it now that the more "doors" the less cost per door therefore the less risk. Based on that SFR is the most risky I could get! ...Even though my thinking has expanded it is capped at around $350k. The reason being the downpayment seems unobtainable. I know this thinking is slowlane and needs to change...and it will.
What "a-ha" moments have you guys had lately that have stretched your thinking to the point where your brain can't snap back to it's original shape?
For example, 3 months ago I was focused on SFR as a great (mainly safe and doable) way to get going in REI. Then my thoughts turned to, well why not a duplex. 1 house for $100k good, 2 houses for $150 really good, right? Then I thought, well what about a 4 plex? 4 houses for $300k really, really good right? Now I'm thinking what about 5-7 houses...whihc breaks down to $45-$55k a door. Holy crap! What's crazy is 3 months ago I wouldn't have even looked at anything this size because it seemed too out of my range and too risky. Too risky! I get it now that the more "doors" the less cost per door therefore the less risk. Based on that SFR is the most risky I could get! ...Even though my thinking has expanded it is capped at around $350k. The reason being the downpayment seems unobtainable. I know this thinking is slowlane and needs to change...and it will.
What "a-ha" moments have you guys had lately that have stretched your thinking to the point where your brain can't snap back to it's original shape?
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