Originally Posted by sherm

I'm with you. Purchased our primary home 3 years back. Sold for almost double.

We downgraded on the next home sq footage wise, put more $ down and are on a 7 year plan. We took the other half of the profit and have invested in a new primary residence being built. The current home has gained about 20% in 6 months and will become a rental.

Once we get the rental property paid off and we have that passive income coming in, we will aim to purchase another...Rinse/Repeat.

Our main goal is to not increase our monthly spending on real estate, while acquiring more properties and equity. We haven't seen any spikes out here that would indicate a bubble, but still hesitant after what just happened a few years back.

Hope all is well, my friend!