My father-in-law handed me the investment rule book “Warren Buffett’s Way” by Warren Buffett. It reminded me so much of skills in real estate. Whether you are buying for your primary residence or investing, there is both a need to think practically and follow your heart. Here are how investing rules parallel:
- Reinvest your Profits. How many of us had a little starter townhome, condo or small home that we drive by and kick ourselves. What if we had the foresight to pull some equity out and reinvest in another rental? There is a very popular podcast called Bigger Pockets Podcast that talks endlessly about real estate investing. Much worth your while to listen and get inspired if you are looking to jump in RE investing. For Bigger Pockets’ tutorial, follow this link: https://www.youtube.com/watch?v=cw3IWrudl80
