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Investing in Real Estate a Good Idea? email this discussion to a friend?

myLot reputation of 81/100. ushavaishnav (8335)   ranked 152 out of 4,607 in debating1 year ago


For most of us, our homes are a big part of our net worth. And as we grow older, we build equity in our homes that can help fund our children’s college or our own retirement. Here, we’ll take a look at investing in our private residences, in vacation houses and in income or rental properties. Investing in real estate is a key part of any investor’s financial planning.



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tags:  investing in real estate, housing
 
1. myLot reputation of 83/100. badrun (684)   1 year ago

Many people have a big success on investing in real estate. I think it is a good investment considering that land is a non renewable product. I really want to invest in real estate if I have the money. I always dream to own a business property.

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2. myLot reputation of 84/100. lotterylover (3028)   ranked 1,064 out of 4,607 in debating   1 year ago

Three of our homes brought back more money than we paid for them. One of the homes we sold because of the trouble we were having with the renters, is now up for $100,000 more than what we sold it for. It is in my nature to be nice to people but they always take advantage of me so I quit the rental business. We sold two other rentals because of the same problem. You do have to be careful where you buy because some towns are going downhill. Resort places I would keep only long enough to get a profit from it. It will be interesting to see if our house will sell for what is being asked for it because it is in a poorer section of the resort area and mostly poor workers are moving into houses like that. The rich have great big houses.

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