Well said. The more I get into RE investing the more I like Warrent Buffett. Don't invest in things you don't fully understand....Trust your BS meter.
As one who had a pot of money (cash) offered to him for a lot he paid very little (all things relative) for and who decided that it was worth more than the 5 times he was being offered, so passed up the offer (and now couldn't get 2/3rds of that) :smx4:
I have decided I'd like to try Mr. Buffets mantra of "I've made a lot of money selling "to cheap"..."
I kick myself every time I think about it. Greed is not good (contrary to popular belief). Even if I had to pay taxes on the sale, I'd have been ahead of what I could get for it now. Make money, and get out, don't hold out.........thats my new motto
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