“I am still willing to say that my real estate investing will beat the S&P”
I don’t doubt it, probably a good return on the work involved.
$200k @ 4% compounded for 20 years is $440k.
I don’t think you can do too much refi’ng with 4% appreciation. A refi maybe every 5 years with that rate and added risk of leverage and the cost each time. A 24% cagr is just not sustainable unless you are a successful/flipper developer. Like that Real Deal guy, Richard Davis (also in one of the Carolina’s?), flipping a house a week & making big $$. But then it is a business.
I’ll admit I’m a little warm and fuzzy on the stock market right now, it’s been really good since ’03. I haven’t bought a house since ’98 and, even better, became a renter in ’05 saving $150k (and counting).
