Those transaction costs are going down to the point where they will be a non-issue. Technology is making it happen. 1%/flat fee brokers were common during the last cycle as well as all sorts of tools to buy/sell your property. Check out something called homecoin.com. Additionally, did you know you can become a licensed broker for less than $1000?
BTW, I am both a landlord and a homeowner, have been since 2003.
I also have known 5 gentlemen/families over the years who have made 8 and 9 figure fortunes solely from real estate. No, it didn't happen over night, it took several boom/bust cycles and leveraging up. I'm just echoing largely what I've been told.
I'll take practical experience over studies any day.
BTW, I am both a landlord and a homeowner, have been since 2003.
I also have known 5 gentlemen/families over the years who have made 8 and 9 figure fortunes solely from real estate. No, it didn't happen over night, it took several boom/bust cycles and leveraging up. I'm just echoing largely what I've been told.
I'll take practical experience over studies any day.