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Patience

Recently I heard of a property that had sold.The place was bought in 1978 for $41,000 and sold last week for $390,000. During the last 30+ years, nothing much had been spent on it. Original carpet, floral wallpaper etc. Now one could say that the owners had been frugal, even tight fisted, however that is not the point.

The point is that the property had grown in value with no help from the owner.
So what does this teach us about investing in property???

Time in the market, and PATIENCE.

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