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As a real estate investor, author and podcaster, I’m often asked if it is “too late” to buy real estate. After all, prices have climbed dramatically over the past several years, and many homeowners and investors are worried that they’ve missed their chance.
Related: The 10 Hottest Housing Markets for 2014
My answer is always the same: No, it’s not too late.
However, today, unlike the past, when almost every property was a good deal for buyers, you have to hunt for (and buy) only the best. And one specific way to do that is to purchase a property and increase the value significantly. That way, if home values do drop, you’ll avoid being “underwater.”
But how do you add value on a piece of real estate without spending tens of thousands of dollars? While there