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therealdilbert t1_ja0uvbh wrote

it is just like anything else you buy. The money goes to the owner that sell it to you. The owner might be the company/person that build it, it might be a person that bought it from someone else and lived in it.

The previous owner might have borrowed some of the money to buy the house from a bank, if so that loan has to be paid back with some of the money.

The real estate company, is just company is just a company that takes some picture of the house and advertise to find someone that wants to buy the house and does some of the paper work, they get paid for that service

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nomopyt t1_ja0ya7p wrote

This is the best explanation in the thread. Nicely done.

Real estate is a good investment in my opinion. But just like all investments the key is to buy low and hold/leverage or sell high.

Easy enough to say and it can be done, good Lord willing and the creek don't rise. Takes time, energy, money, and luck though.

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