re: Never pay off your house?

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sold them for a big profit

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Well this is the tricky part, isn't it.

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What I did was look at homes that were undervalued. Then I projected what would the neighborhood become in ten years. I sold the house before the property values declined. It's very much like owning a baseball team.

You need to sell your star player the year before his skills decline instead of the year after.

I do not flip houses. I'm talking about 4 home sales and purchases in my life. They all worked very well.