How many homes do you own?
 

How many of you own more than one home? How old were you by the time you bought your second? Curious. I just bought my first own, and already looking at more real estate. Thinking about buying second home back in california, and interested in some of what you guys have done.

:upsidedow

First off, congratulations on your new home purchase. Smart move.

I own two, but one I recently sold Contract for Deed. It's a house I purchased while in Grad school, instead of paying for an apt. near campus.
The 2nd one is a house w/5 acres out in the country, but it's been empty since I bought it because I can't get a good enough high speed connection out there. So now I'm in a lease situation on another home and need to sell my 2nd place.

Best advice - buy low, sell high
Do your homework and don't believe 95% of what you see on any "flip this house" type of show.

thanks :thumbsup

2 homes, one condo

i dont own any ....

Zero...

I'm a renter until I save up the required 50 grand to get a place here in L.A.

1 home but working on being a land baron :) I get at least a call a month from a builder wanting to buy one of my lots from me. I plan on sitting on them at least another 2 years but it's good to know there's interest in them. Now if I could just get the church who was donated a lot next to mine to sell to me, I could be happy.......

It used to be you could buy lots in my neighborhood like crazy at tax auctions. Not any more. There are still a few good deals around but it's amazing what 1/2 an acre is selling for out here in the boonies.

I'm actually buying my first home right now as well. It's very exciting! Congrats on your new purchase. I hope everything goes well for you.

4 right now, and im in the process of buying another. i was 21 or 22 when i bought my first home.

About to buy my 1st house. I figure I'm 27 and have live in the Phoenix area almost a decade now, it's about time I give up on the thought of getting out of this shithole city.

I owen 4, two in california, one in vegas and 1 in florida, rental market in those places is bad right now. Best thing to do if you have some liquid assests is to get into the foreclosure market in california and vegas and florida. I would do it but my money is tied up in my realestate.
Foreclosure, renovate and flip is a tough business but a lot of money to still be made.
Richard

twelve..

For those looking at buying up foreclosures, here are some places to look:

http://www.realtytrac.com/ContentMan...&accnt=64 847

I live in a van by the river

I decided to buy a stent for my heart instead of my first home, lol.
ok ok, the decision was thrust upon me.

I have a brother who's a real estate agent now, who is also an apartment manager in a high price college town. Maybe I should find him investors here..

One... And I bought it low. Im 27 now, and hopefully by 35 I'll have another one.

Back off - I start real estate classes in 2 weeks :winkwink:

I bough my first last June. I just bought a cottage (with other family members) last month. I'm 29.

2 homes, one condo

Whoo hoo..congrats to you and the missus on your home purchase. Hubby and I bought 7 years ago..we want to do a few more and flip them..but I want to be financially more secure in case it becomes a $$ nightmare.

I have (knock wood) never lost money on a house. I've bought 5 since I was 21. The house I'm in now appraised out last fall at over twice what I paid for it and my neighbors already have a first right of refusal for 10% below appraisal (whatever it is if I decide to sell), so I'm happy :)

none it's called an LLC

http://www.thenewsstar.com/news/blog...ley-770013.jpg

:1orglaugh:1orglaugh:1orglaugh

I own one house and buying a condo as we speak.

One. Whenever I get ready to move, I'll have some dude come buy and put the tires back own, hook it up to a rig and move it to. :)

none. i didn't buy a house in my hometown because i knew i wanted to get out of that go-nowhere-hellhole and i did but nice houses here in ottawa are like 800,000 bucks and i simply don't have the scratch.

Congratulations on your first home. :thumbsup It's a wonderful feeling. I got started pretty young (19). I got an inheritance and put it down on a 6 bedroom terraced house. I was at uni and rented out 4 rooms to students for my beer money.

I'm 32 now - an old facker compared to most of you guys. I bought this house in November :

http://www.promotedating.com/images/2.JPG

I'm letting it out now through an estate agent.

And I bough this house this year which we're currently living in :

http://www.promotedating.com/images/4.jpg

http://www.promotedating.com/images/7.jpg

Putting your money in property is obviously a safe investment. Good luck with it.

One currently, although we are looking into buying a new condo unit or two in the next year. Prices are going to come down shortly....

Only one so far. I bought my first and only home in Tahoe about 3 years ago at age 29. I've been studying the real estate market for about 8 years and feel that the next few years will provide some good buying opportunities as the market corrects itself. Be careful where you buy, some of the larger markets haven't seen bottom yet.....my rule is to do the opposite of what the general population is doing. IE, I was buying stocks since 2001 after they fell out of favor. Now the money's rolling in and it's time to buy houses in the next few years while everyone is staying away....

That is nice:thumbsup
http://www.promotedating.com/images/2.JPG

Must be nice to get money for nothing.

very nice :thumbsup

It is, but not as nice as money you earn, I agree. The money from that first house is now invested in my step-sister's restaurant and my current houses are paid for entirely by money earned from dating sponsors.

Thanks for the compliments guys. My wife chose both houses. To me a house is a house. As long as I have my playstation, cold beer and a few computers, I'm ready to rock. lol

nice pad

Bought my first home at 14 years ago and next week going to get my second home in the mountains so I can go back and forth depending on the seasons.

I own only 1 apartment, I thinking about buying a new one as an investment.

Bought my first investment property at age 18. Got the capital for another, but I'm biding my time to watch where the dollar goes.

Shit, i would be happy to be able to buy something like that with money i didn't earn but i come from such a broke ass background that my parents had no heat in the upstairs of my childhood home and we had to get our clothes at the salvation army. be thankful for the easy life you've had (financial wise at least) and yes i am jealous.

i own 24

22 rentals
and 2 i live in

1st purchase was when i was 27

I own two homes, one in Canada and one in US. Bought second house in Canada a few years back to have a place close to PEI. It was a great deal with 8 Rooms, 2 bath, 26 acres, $32,000.

I see what you mean dude and hey I like your honesty. My wife had a similar childhood. Even small things make her happy now, like being able to buy name brand goods and such. She remembers when her Dad had to sneak into an allotment and steal a cabbage, so her mum could boil it up for tea! There were times she was on her own with her daughter and go without food for a couple days so the kid could eat. I've had my ups and downs too, trust me. The good thing is we work online and there are endless possibilities for motivated people.

NONE - I've not owned any real estate since 2000. I prefer to make lease payments as opposed to ownership. I toggle between Arizona and Indiana so my lease costs are a little high. But, it's worry free, maintenance free, hassle free.

But hey, I'm 57, I no longer give a shit about acquiring wealth through home ownership. Been there done that. Gutters need cleaned? Driveway needs sealed? Pool needs cleaned? Fuck that ...

The lease payments and HO-4 insurance payments are my only expense.

Beautiful digs Kristian.

working on a first

3. One in states, one in Canada and one in Bali, Indonesia. About to buy another house in Bali in January. Good investment.

Two homes that I have leased out and I'm looking to buy a condo. I'm renting a condo now so figure rather than waste money on rent I could add a third.

0, but looking and very soon it will be 1

1 so far, only plan to move bigger not more.

seems owning two is fairly common.