Depends on your exit strategy. Buy and flip vs buy and hold. Attractive financing can also make FMV work. In a robust market the FMV can increase 20% or more in a year.
You missed the point. The original question asked if the only way to make money in real estate is to buy below market value. The operative word here is "only".
Of course, it is intuitively obvious to even the most casual observer that you will generally make money if you buy below market. Even that point was implicit in the original question.
it never hurts to have the tools available to make money when the deal in your lap is at or slightly below FMV.
Depends on your exit strategy. Buy and flip vs buy and hold. Attractive financing can also make FMV work. In a robust market the FMV can increase 20% or more in a year.
Jim
Ed (ELOCK),
You missed the point. The original question asked if the only way to make money in real estate is to buy below market value. The operative word here is "only".
Of course, it is intuitively obvious to even the most casual observer that you will generally make money if you buy below market. Even that point was implicit in the original question.
it never hurts to have the tools available to make money when the deal in your lap is at or slightly below FMV.