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I've never heard anyone *prove* that going after cash-flow was right or wrong. And I've never heard anyone *prove* that going after capital gains was right or wrong.Hmm
No right or wrong answer ? Since when ?
If you bought your neighbors house for cash at retail how long would it take for you to just get your money back ?There's no right or wrong answer; it all depends on your personal plan. If you're looking for long-term cash-flow, and you have the cash, there's no need to do capital gains deals...
If you bought the house for cash, you have your money (it is just in the form of real estate and not cash). It isnt a question of getting his money back, it is a question of ROI on that investment. Now whether or not one should buy a propety at retail with cash is whole other topic.If you bought your neighbors house for cash at retail how long would it take for you to just get your money back ?
Not sure exactly how I answered my question already (I can be dense sometimes ), but in answer to your question, it depends...If you bought your neighbors house for cash at retail how long would it take for you to just get your money back ?
I think you answered the question already :smxF:
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Quick correction for the math - divide 72 by the return (72 divided by 10) and you come up with the length of time it takes to double the money. 7.2 years It's called the Rule of 72 and has to do with compounding of interest.If I have $100,000 cash and I invest it at a 10% annual return, I would double my money in 10 years (100% return). .
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