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Should you invest in real estate?
Investors will lead the way in housing recovery.
An article in todays Inman News says that investors will be up to 3 times more active in the buyers market than owner occupant buyers. I agree and have little doubt that investors will lead the way for a housing recovery.
Imagine buying a stock or mutual fund for 0-20% down, finance the balance, have that stock or mutual fund generate enough dividends(rent) that it will pay the payments on the amount financed, getting a bundle of tax benefits, and after 20-30 years the loan is all paid off buy the dividends generated!
Let me put it another way. If you could buy $100,000 mutual fund for $20,000, have the dividend the fund makes pay for the rest so its no money out of your pocket, and in 20 years years you own $100,000 mutual fund for $20,000 of your own money, wouldn't you do it? Of course most people would! And all that assumes that over 20 years it never goes up in value!
I bought my first investment property in Kennesaw Ga 30 years ago and I've made plenty of mistakes between then ... more
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