[chris08876]

Originally Posted by Investing In Chicago

Why does housing have to be "cheap", relatively speaking? Home ownership is still the greatest wealth building vehicle there is for like 90% of Americans, and those who choose not to participate in that opportunity are fools.

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I get asked quite often from Family and Friends for advise on how to begin investing in Real Estate, and the answer is simple: House Hacking - buy a multi unit property, live in one unit and rent the others. I did this at the age of 21 and literally made money every month to live in my home. When I was ready to leave Ann Arbor (College) I held the property, and turn my free housing situation into pretty considerable cash flow. Rinse and repeat.

Real Estate is not a get rich quick scheme, it is slow and steady investing. Buy and hold, despite what the market is doing, and you are almost guaranteed to see a considerable return on your investment.

This is a great post.