early retirement: Is Real Estate A Good Investment?
- 04/30/10 08:48 PM
People often come to me with questions about investing in real estate. Most are looking for passive income and a chance to build their net wealth. A good rental property can do both. Right now Certificates of Deposit are paying 1.54%. If you had $50,000 in a CD, you could reasonably expect to earn $771.54 in interest over the next year. The same $50,000 in a money market would earn $671.34 ( 1.34% ) in the same time period. There is a house for sale in Kansas City for $50,100. It is currently rented for $600/month. That's $7,200/year. Subtract your … (4 comments)
People often come to me with questions about investing in real estate. Most are looking for passive income and a chance to build their net wealth. A good rental property can do both. Right now Certificates of Deposit are paying 1.54%. If you had $50,000 in a CD, you could reasonably expect to earn $771.54 in interest over the next year. The same $50,000 in a money market would earn $671.34 ( 1.34% ) in the same time period. There is a house for sale in Kansas City for $50,100. It is currently rented for $600/month. That's $7,200/year. Subtract your … (4 comments)
;)
;)
;)
