Comments on: Reader Emails on Stocks and Personal Finance http://www.millionaireacts.com/1368/reader-emails-on-stocks-and-personal-finance.html Escape the Rat Race and Join My Journey to Financial Freedom Wed, 08 Feb 2012 15:12:46 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Jay Castillo http://www.millionaireacts.com/1368/reader-emails-on-stocks-and-personal-finance.html#comment-3598 Jay Castillo Tue, 04 Aug 2009 09:02:56 +0000 http://www.millionaireacts.com/?p=1368#comment-3598 If I may add a suggestion re: buying a 3M worth house as described in Reader Mail 2. My suggestion is that you treat your first house as an investment, meaning you look for a house below market value or one that can produce positive cashflow through rentals so that if you do decide to sell it later, you can have a significant profit or at least have good positive cashflow from the rental income. Better yet, why not use your first purchase of a house as your practice for investing in real estate and then you can use the resulting profit or positive cashflow to finance your dream house? Instead of buying a 3M house, why not buy and sell a foreclosed house for 1M with an after repair value of 2M then repeat the process 3 times? Just my two cents. If I may add a suggestion re: buying a 3M worth house as described in Reader Mail 2. My suggestion is that you treat your first house as an investment, meaning you look for a house below market value or one that can produce positive cashflow through rentals so that if you do decide to sell it later, you can have a significant profit or at least have good positive cashflow from the rental income.

Better yet, why not use your first purchase of a house as your practice for investing in real estate and then you can use the resulting profit or positive cashflow to finance your dream house? Instead of buying a 3M house, why not buy and sell a foreclosed house for 1M with an after repair value of 2M then repeat the process 3 times? Just my two cents.

]]> By: Jay Castillo http://www.millionaireacts.com/1368/reader-emails-on-stocks-and-personal-finance.html#comment-3597 Jay Castillo Tue, 04 Aug 2009 08:47:37 +0000 http://www.millionaireacts.com/?p=1368#comment-3597 Hi Tyrone! You're welcome, you deserve it! Thank you also for the special mention. I look forward to your blog's inclusion in the Top 10 when it is announced on Saturday, August 8. Goodluck! Hi Tyrone! You’re welcome, you deserve it! Thank you also for the special mention. I look forward to your blog’s inclusion in the Top 10 when it is announced on Saturday, August 8. Goodluck!

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