“Appreciation” is a popular word in real estate investment. Often it is where the big money is made over time, supported by the other profit centers such as positive cash flow and principle paydown on mortgages.
But its true power to the investor is multiplied exponentially when you understand that appreciation is a multi-faceted word. For what you appreciate, appreciates. There is no sense in having more properties if you don’t appreciate the ones you already own. Oprah says, “Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.”
How Expressing Gratitude Will Massively Improve Your Investment Success
Blog by Brad Herman | March 1st, 2013