Apartment Buying - The quickest way to wealth

[alejonsu]

What about from 2007 up to now 2011? Went south right?

[beninnesker]

@alejonsu Yes, it went south. Markets never go north forever, they fluctuate. It may take a few years, but L.A. will start appreciating again. In the meantime, you can still buy. Make sure you buy cashflow properties, Class C. Stay out of Class B until you see appreciation coming back.

[beninnesker]

polokingh2o, technically you are right but I didn't want to get into that much complexity. The calculations where done taking only appreciation into account. Ben

[mediacenter7829]

2007 start of the CRASH

[polokingh2o]

your calculation is incorrect because you have to subtract the mortgage amount before you calculate your annual return.

[beninnesker]

@polokingh2o I addressed that at the end of the video. This was just a brief look at return from appreciation.