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Is owning real estate a major hassle? |
I have extra money and am trying to figure out what investment I should make. I'm in the stock market now and all it seems to do is steadily decrease, with huge swings up and down every day. Is real estate worth the trouble? I rent an apt now because everything is so damn expensive propertywise where I live. What should I do? It is if you live in Florida! Over priced properties, super high insurance (if you can get it) with large deductibles and if your house is damaged in a hurricane repairs may be delayed by the shortage of contractors. Real Estate is the best investment u can have, Report It Owning real estate is much better than renting. You get tax deductions. I prefer real estate you can touch it,see it and control it if you keep a property for 7 years you are guaranteed to make money they're a tax incentives and sorts of way to make the property work for you. I have 2 investment properties and I'm currently looking at a third to me its a great way to watch your money grow Okay... Real Estate is a much better bet than the stock market. You didn't mention where you live, if you have some capital you shouldn't wast any more time and invest, get something for yourself, Real Estate will always be a great investment, (particularly because we all need a roof over our heads permanently) and don't want to be throwing your money away, by paying someone else's mortgage, investment , read up on the subject try www.suzeorman.com she talks about the pros, and cons, but it's always much better to own than rent, think EQUITY, EQUITY, EQUITY, I also recomend the books by David Bach, on Real Estate and (Smart women finish rich) I happen to be in Real Estate and it is the smartest thing you'll ever do, if you learn how to play the game, and if your credit is good, you will get all the advantages, the higher your fico score the lower your interest rate will be and you can always start off with an option ARM loan in order to keep your monthly payments very low, look into it, it is definately worth it, and like with everything, it's important to do your homework!! Hi, Owning real estate is NOT a major hassle. You'll make more money investing in real estate than in the stock market any day. Home ownership allows for a very nice tax write off and the satisfaction of having your own home can't be beat. Bite the bullet and do it. Stop putting money in your landlords pocket every month--just think--what you've paid in rent you could have been building in equity. Keep in mind........... |
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The best way to go right now is in a 30 year fixed FHA program. Rates as of today were right around 5.250 which includes all qualifying cost rolled into the loan. Remember you can only go FHA if yo... I think a couple of people may have missed the fact that you said this is an INVESTMENT property. If this is your personal residence the answer is, indeed, no. (and since you referred to the 2 out... Just ignore them! Simple. if you reply all you are doing is validating your e-mail address. ...Thinking about the fact that 'this is YOUR home' makes it worth it. You will not be paying someone else money to rent a home. With renting, you're really just throwing your money out... Since you are also looking for better returns so you should go for ELSS (equity Linke saving scemes) or Tax saving mutual funds through which you'l get better returns and Tax rebate upto Rs. 1... This depends on what your agreement was for, did you borrow money or did he invest for the expectation of a future profit or did he buy part of the business. What he gets, since there was nothing... I don't know how much $$ you really have, but if you have, say 2 million, you can put it in money markets, CDs, or even online savings accounts, all paying roughly 5%, that's 100 grand a ... Invest in art..it always works out ... |
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