One type of real estate money making is called Laddering Up. I'm not even sure if that's a thing anymore because I heard of this back in the 1990s when I was looking for my first home. We didn't intend to ladder up just then because we were shopping for our first home and intended to stay there for a while.
The purpose of laddering up is to purchase a home in a desirable location and then in a few years sell it and purchase a more expensive home. Keep laddering up over the years until you're in a half a million dollar home and maybe by that time you can also pay off the mortgage and have a good investment.
The purpose of laddering up is to purchase a home in a desirable location and then in a few years sell it and purchase a more expensive home. Keep laddering up over the years until you're in a half a million dollar home and maybe by that time you can also pay off the mortgage and have a good investment.