The facts are real and you can see them everywhere: If you want to have financial stability you must own property.
Donald Trump was the son of a real estate investor, so he didn’t start out poor but by investing in real estate he’s transformed himself into one of the world’s most well-known rich guys.
Bob Hope wasn’t just one of the funniest men in movies, he was a savvy real estate investor. He wasn’t just wealthy, Forbes calls him “immensely wealthy.”
“As much as $500 million,” reported the St. Petersburg Times. “$400 million to $700 million,” declared The Dallas Morning News. Fox News Channel’s Terry Keenan said, “You can bet it is in the hundreds of millions, perhaps maybe $1 billion.”
But how about you? How does the average person fit into this equation?
Last year I sold a house in Redwood City that was purchased by the family for $12,000. About 40 years later it sells for over $800,000.
Want something more recent? My parents purchased their home in Pacifica for $63,000. Now – even in a down market – I’d say it’s worth 750,000.
More recent than that? The very first house I sold was $312,000. That was about 1999. That house would likely sell for $550,000 today.
If you’d like to learn more, come to our free home buyer class. It’s a new market with new rules – and you need to know them.
Did you know that in order to take advantage of the first-time buyer opportunity you don’t actually have to be a first-time buyer?
Did you know that the $8000 tax credit expires December 1st of this year?
Did you know that you must be pre-approved by a lender before you can write an offer on a house? What’s the difference between a pre-qualification, pre-approval and and a lender pre-approval?
Learn what you need to know at our free class on August 18th in San Mateo. Receive a free copy of David Bach’s The Automatic Millionaire Homeowner.
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