I'm thinking of buying a second townhome as an investment in Houston, TX. Should I invest my money different?

I'm living in the first Townhouse. It's fairly inexpensive and in a area that is soon to be thriving. My current townhouse has increased 20% in 4 years. Should I invest my money elswhere? I have excellent credit and could possibly get a loan at around 5%.

so long as the rent covers all your out of pocket monthly costs = positive cash flow, it's a good investment

dont buy houses right now especially when the housing market is in uncertainty...wait i would say 6 mnths down the line to see if the prices drop...i thinkt he housing market may pick up by mid 2009...so just approach it very wisely...

instead invest some moeny in stocks since htey are a very good bargain right now or mutual funds...

houston housing market is one of the best in the nation.... if you are planning to invest in real estate Houston is the place.


while nationwide housing is a poor choice, in markets like Houston it is still quite stable!

you should speak with a realtor who is familiar with housing trends in you area. If you could duplicate that 20% return it would be awesome.

Well it depends. Housing prices are very low and as long as you don鈥檛 mind holding on the property for 5 years or more it is difficult to go wrong with current prices. However, they are likely to keep dropping until mid summer where I expect them to level for at about a year.

If you have cash to invest, then this may be a good investment.

But investing borrowed money is risky because you don't know how bad the current economic downturn is going to get. If you loose your job and your income. Then you can end up loosing everything that you owe money for.

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