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Is it wise to invest $2000US or more into a long term property investment portfolio? |
Is it wise to invest $2000US or more into a long term property investment portfolio? $2000 US is much too little for any REAL PROPERTY near a major USA urban area. Also keep in mind that REAL ESTATE INVESTMENT is a long-term investment and might take 10 to 20 years to see any substantial appreciation, and $2K doubled would only amount to $4000 which a $2K capital gain isn't much. Also keep in mind that as a real property owner, each year you will be required to PAY PROPERTY TAXES to the local jurisdiction government that will be based on the ASSESSED VALUE Property investment is very violatile. I would suggest you consider trust funds instead. |
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