Building Wealth One House at a Time

by John W. Schaub

You can shorten the time it takes significantly by doing two things: 1. Learn how to buy a house for less than its retail price. The 5 percent average appreciation is based on retail prices. When you learn to buy below retail, your rate of return will be significantly higher. 2. Buy a house in an area with better than average appreciation. Some of my houses have averaged 12 percent a year appreciation. At that rate, they double about every six years. If I can buy a house at a below-market price that will double in value in six years, I can shorten the amount of time it takes me to turn my 10 percent down payment into $300,000 to four years or less. Look at these results.