Richie Alan  Naggar, agent & author  (people first...then business Ran Right Realty )

Spam prevention
Ambassador
2,561,185
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     Hi, Richie. 

     We purchased a property five months ago.  Today we can sell it for two or three times what we paid.  Granted, we got "a deal" when we bought it, but a 200% to 300% increase in less than six months?  I have made money on real estate investments before, but nothing like this!

May 24, 2021 07:46 AM
Ambassador
3,031,495
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Congratulations to your brother, his team, and you. 

Life is good and I am blessed. 

 

May 24, 2021 07:34 AM
Rainmaker
884,101
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Y 💯

May 24, 2021 08:30 AM
Rainmaker
4,859,556
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Wow, congratulations to your brother, and sometimes riding the wave does pay off.    I bought a new home almost 3 years ago, seeing LOTS of equity.

May 24, 2021 07:58 AM
Rainmaker
545,275
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

I love hearing success stories.  Good job on taking a risk and having it pay off!  Our brokerage has exceeded expectations in this strong seller's market with home prices through the roof. I am, however, starting to see a small shift with more inventory coming on board - which is a very good thing!

May 24, 2021 09:52 AM
Rainmaker
982,746
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

There are savvy investors out there that profit in just about every market. 

May 24, 2021 09:26 AM
Rainmaker
5,499,488
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Richie,

We thrive on a daily basis, and life is not all about $$$ and success.  We are delighted for you and wish you all that you are wishing for.  A

May 24, 2021 09:20 AM
Rainmaker
6,514,151
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Our home has definitely increased in value.

May 24, 2021 09:10 AM
Rainmaker
4,043,813
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Due to keeping an eye on sodium levels, I have an issue with "salty pros".  In addition, a definition of thriving is always useful.  In context as well as in contrast.  

May 24, 2021 08:46 AM
Rainmaker
889,847
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

San Francisco Bay Area homes have appreciated WILDLY in the last few years!

May 24, 2021 10:25 AM
Rainmaker
1,208,202
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Yes, it's a great market for equity and opportunity; it's a good life!

May 24, 2021 09:49 AM
Rainmaker
4,134,350
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

I enjoyed the ride when I was active. Now, in retirement I am watching others have success. Timing is everything they say. It can be if you don't panic!

May 25, 2021 05:03 AM
Ambassador
5,338,167
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Our portfolio has become less populated in recent years, and is likely to become lighter before the market turns and we buy them back.

May 24, 2021 08:38 PM
Rainmaker
1,377,228
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Congratulations to you and your brother!  Wish you both much more success.

May 24, 2021 10:35 AM
Rainmaker
732,597
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

Our home has appreciated. My kids both purchased homes in the past 6 months and their homes have already appreciated. Of course, you only realize it when you sell with the exception of higher taxes of course. We're not going anywhere right now since we don't have a great reason to move and we like our home. We just did a kitchen and floor update in 2019 and we're enjoying it. 

May 26, 2021 05:22 AM
Ambassador
4,181,352
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I bought a new home in July, 2020, JUST in time to catch that ride as a home two doors down sold for considerably more later in the year. We have seen significant increase in value just since our purchase.

The home we sold in the city went for far more than we ever thought it would sell for in September, 2020. We thought we would test the market; if we got a nibble, we'd sell it; otherwise, we'd hold onto it. That one was almost paid off so, like you and your brother, we enjoyed a substantial windfall. Neither of us anticipated we would realize the profit we did for many years when we built that home 6 years prior.

May 25, 2021 01:44 PM