Many people want to own a home without a loan. But few people do. What are the strategies that you can use to own your home free and clear? Martin Lustgarten has collected several tips from the top experts to give you and your family the wonderful life that you want.
Typically, Buffett’s rule would say you should avoid what others love, and love what others avoid. This lowers the price level for a purchase, and gives you opportunities where other people only see failure. What are home buyers around you avoiding? Saving, hard work, moving to a third world country, dangerous part of town, ugly home, mobile home, buying on auction, paying cash, living in rural parts of the country, or septic system.
If you pick the three of these variables that you absolutely detest, and leave the others untouched, you will find a lot more homes that are in your price level. An example would be hating septic system, hard work, and a mobile home. So you change those variables around. You must have plumbing, no work, and a permanent home. The rest of the home buying variables you keep the way they are. This leaves you looking for a home that is bought after saving, requires little work, move to a third world country, dangerous part of town, ugly, permanent, buying on auction, pay cash, live in rural part of the country, with a plumbing system. Your little apartment in Argentina or Brazil will be much more affordable than a penthouse in New York. And you will have the desired variables of plumbing, little work, and permanent set where you want them to be.
Although this trick may not seem fun, it can really save you time and energy. If you try to do what everyone else is doing, you are going to face a huge mountain to climb in all of your investment behaviors. The popular crowd is usually wrong. Take the clever way to get your pick of nice homes or other assets.
Martin Lustgarten is an investment professional who is devoted to making your life easier as a business person. As you consider what to buy, make sure you contact a professional.
Martin Lustgarten can be reached at his Linked In account. He looks forward to hearing from you.