Stallion habit 77 - Create it in your mind first

The hardest thing about any deal is creating it in your mind first.

I remember looking for my own home. I had already bought two homes before, but neither were what I really wanted.

We wanted to stay in a certain price range.

I wanted at least 5 bedrooms and 3 bathrooms, especially since the home we were living in only had one bathroom.

My wife wanted 2 acres and the basement finished.

We also had a general idea of how we wanted the home laid out. I wanted a ranch home since I decided that not only are they cheaper using the cost per square foot analysis, but that it seemed they just flat-out used their space better.

We looked for two years and nothing.

Then one day I was messing around in a different price range, and I found it!

My wife thought that we shouldn't buy it because we were in a price range that we couldn't really afford.

After lots of thought, I figured out how we could afford it, and made an offer that was full price.

Many people don't realize this, but even though my house payment is $2000, I basically live here for free since my trailer park income makes the payment for me.

I used an asset to buy a liability. I use the definition of liability as something that takes your money. Most people would call a home an asset.

"Rich Dad's" definition of an asset is something that pays you.

My belief is that you have to live somewhere, so you might as well own and build wealth by building equity and appreciation in your property.

I offered full price because I really wanted the home, and I didn't want to take the chance that we would spend another two years looking for our perfect home.

I would love to help you find your next home.

Thanks,

Burke Bennett
208 589 5599
http://www.seidahohomes.com
burkebennett@hotmail.com