Personal Narrative: Real Estate Advice

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The best money related advice I ever received: “If you are fortunate enough to purchase real estate, never let go of it. If you want to buy more real estate, you can use the first property as a bank or you can rent it to someone and have them pay your mortgage and taxes for you.” The first property you buy can secure your future. It’s free money, other people work hard to pay your mortgage, excellent plan. I was living the dream, beautiful condominium that I purchased as a single unmarried woman, it was amazing. A couple of years later I got married and together we bought a townhome, so I rented my condominium, the rent that I received covered all expenses plus a little extra for me. Fast forward 10 years, that real estate advice never meant more to me than when my life shattered and I didn’t have anywhere to go. Four years into marriage, my husband insisted that I sell my property, he said that I could use the money to invest in our next home, I declined, and he was persistent. I should have listened to the advice that was given to me many years earlier by my friend’s mother, she was a smart lady and knew what she was talking about. Yes, I gave in, sadly I …show more content…

I had a double mastectomy and while I recovered from surgery he packed half of the house and moved. During chemotherapy treatment I had to hire a divorce lawyer, and a real estate agent. We took a major hit on the sale of the property because home prices plummeted, we just about broke even (I invested $125,000 into that house). If I didn’t sell the condo, my 6-year old little girl and I could have lived there, instead we moved in with a friend, and eventually rented an apartment. While living at the rental, we arrived at home one night to find that we had a total loss fire, our 2 dogs died and everything we owned was

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