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The 3 Sacred D’s Of Real Estate Investing

Posted by Jim on Nov 30th, 2020 · 5 Comments

What are the 3 Sacred Ds of real estate investing? There are plenty of reasons you might need to sell a property or get rid of real estate. Some get unexpected job changes that require them to transfer to other areas, others might not like the way their neighborhood has expanded. Did you wake up to find a big-box retail construction project too close to your neighborhood for comfort? When investing...
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Here are some simple guidelines that will help you build wealth:

1) Do the math. Get a budget and calculate your net worth

2) Get an emergency fund. Save at least 6 months worth of expenses

3) Limit costs. Spend no more than 30% of your income on housing

4) Max your retirement. Maximize contributions to your tax-deferred retirement accounts

5) Pay yourself first. Set aside money for yourself before you take care of your other bills

6) Set goals. Goal let you get ahead faster

7) Avoid high interest debt. Avoid credit cards, title loans and other usurious loans

8) Diversify. Diversity your assets.

The 3 Sacred D’s Of Real Estate Investing

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