- Jan 2, 2006
You sure that's not from a Carlton Sheets workbook?
I think this statement only works if your properties are very diversified. One example of it not working is when you buy 10 units in the same condo complex.its not about gambling...its about opportunity cost and diversification.
I would submit its more risky to own 1 property vs. 10 and its also more risky to have 100% equity in an investment than 10%, but you are rite to each his own. seems like your strategy has worked for u in the past and i hope it continues to do so.
I was there; the units went from $140,000 to $170,000 plus a 10% Buyers Premium. The combo units (2 that sold together) went for $245,000.