REAL ESTATE
Yup, even in these crazy times I highly recommend investing in real estate.
Maybe more so in these crazy times.
You know the old saying, land…they’re not making any more of it. It holds true today UNLESS, it’s in the middle of a gang battle ground, or it has a meth lab next door, or it has toxic chemicals in the dirt from the plant in town, or it’s sinking, or it’s in the way of frequent flooding or fires or hurricanes…. you get the picture.
My husband and I bought a small house four years ago even though we barely had two nickels to rub together. And we had two horrible tenants (although they didn’t trash the place for which we were grateful) but it still has been very lucrative.
The investment property gives us a lot of nice tax deductions so it has paid off well in that regard.
But the neatest thing about buying property and renting it is that SOMEONE ELSE IS BUYING THE PROPERTY FOR YOU. Can you think of another investment where you can put very little money into it and someone else pays the mortgage so that in fifteen or twenty years the property is all yours? It provides retirement income. Or money for that trip around the world. Virtually free.
BUT, there are a lot of pitfalls. So here are a list of my very best advice on buying and leasing property.
Consider buying from Read the rest of this entry »
