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Is a billboard a good investment? |
I live in New Jersey and i want to invest a little bit. I Plan on purchasing some land on a major high way buy the beach and building a Billboard. Is this a good investment. What do i need to know? There are strict codes for billboards. You need to contact the county zoning office and find out if the billboard would be legal there. Even if there are other billboards nearby. To be succesfull you have to: |
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Don't do it. Invest in the stock market. Property investments have gone down and the housing market is a buyer's market right now. There's waaaay too much inventory and not enough... If the home was to be your personal residence, the loss is not deductible. If it was to be investment property, the loss is a Capital Loss subject to normal capital loss limitations. ...In this market. I would say it is not a good investment. You have closing costs that would eat any minimal increase in house value, You would most likel ylose money over most normal two year period... If you are buying it for tax purposes you need it to be an investmant property. If it is considered your principle place of residence then you cannot get tax deductions on it as it is not an income... Many questions there. First find a licensed mortgage consultant to help structure your mortgage. Secondly draw up a contract with some of the facts you listed above, i.e. 50/50 split, you pay the... There is nothing in what I see here to believe this is an honest investment. The numbers don't make sense. If in doubt ...don't give out. ...bank loan family and friends or you can start as a joint company with someone else. This way the business be owed by 2 or more people and you can share the profit and losses. ...It is easy and it is done all the time. While only one name is on the promissory note, both names are on the mortgage and the title. Talk to the mortgage broker for the details, but it is a very ... |
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