WORST ADVICE: Buy as much house as you can afford!
By Ritu Desai 703-625-4949, Northern Virginia,Washington DC & Maryland Realtor
(Samson Properties)
Welcome to another edition of the Worst Advice series, where I discuss the worst possible advices someone can give you in real estate and tell you why.Let's say you've saved up some money, and you decided to buy your own home Congratulations!You found out that you still have some left, which for some reason can help you buy another house. Then your friend tells you, "man, just buy as much house as you can! Think about having multiple places to crash in every city. Then you can sell it in the future to buy even more houses! Then you can..." and the slippery slope goes on.Well, if you want to be house rich and cash poor, maybe you want to follow this advice.As your partner in real estate, in a long term real estate game, it doesn't matter whether you are a first time home buyer, investing...
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