No. of Recommendations: 1
What kind of tent did you buy? When I bought a house in 1983 it cost 5 times my annual salary. When I sold it 30 years later, it cost 5 times my last annual salary before I retired.
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It very much depends where you live.
And what kind of offer you make. I love investing in real estate because it is not always an efficient market. Different sellers have different motivations, some Realtors are better at assessing value than others, and these days properties with minimal need for cosmetic only improvements go without buyers, so if you recognize these advantages, you can make them work for you. The house we are selling now, (perfect timing!,) was priced as not waterfront. We snapped it up and it is now on the market for almost twice what we paid in 2019, with mostly sweat equity poured into it.
IP,
whose next property may be in Canada, or Malta...
