Shopping for an Investment House

Gary North - May 19, 2018

At some point, you should buy a 3-bedroom, 2-bath home under 1,500 square feet in a middle-class neighborhood.

Then you should do this every year.

Use John Schaub's buying strategies. His books are worth reading. Yes, even used.

Buy a house when your stomach says: "Don't." Buy one a year into the next recession. Or two years. Or three years. (Sorry about that.)

Start shopping now. Where would you like to buy if there were a desperate seller and a desperate lender? Here are sites to use:

https://www.garynorth.com/snip/1323.htm

Start switching your mentality from buy-and-hold stocks to buy-and-hold rental properties.

As my friend Jack Miller used to say: "The best way to become a millionaire is to borrow a million dollars and pay it off." He meant this: "have your renters pay it off." Also, he did so in the light of this phrase: "non-recourse loans." He did this over and over and over.