Real Estate Investment Tips
Real Estate Questions–Good Investment?
We are considering buying something next year. One of our ideas is to buy a condo close to the city where we work. That way, we are paying into a mortgage instead of rent. Then, a few years after, hopefully we can buy a house, renting out the condo or selling it. The other option is to rent for a few more years before buying a house.
What do you guys think? Any tips or suggestions?
the equity you build on the home you buy is your biggest source of down payment if you continue renting you will never have enough money to buy like you could have if you bought now sold and then bought later. source of down payment for the house you want to buy later.Don’t rent the house you buy now sell and use the equity to better your loan position later
If you rent the property and move to the New Home you believe you have a good position but in reality the property may remain unrented or have problems that cost you allot of money when you could have taken the money and placed it on your down payment to lower the cost of the second property and made you more money …
I have no doubt in my answer smart investors Invest their money but have no attachment when it comes down to the moment of selling to make a larger and better investment. A 1,000,000 home increase in value by 10% and you made 100,000 dollars a 250,000 dollar home same market conditions makes 25,000 in equity you figure out the rest
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