I know people who are wary of investing in stocks due to the bear market of the past year. Instead, they are putting their money into real estate. While I'm not opposed to real estate, I think believe that good real estate always makes money is based on some assumptions that underestimate the risk and expenses of keeping real estate.
Here are some of the assumptions that I believe can be misleading:
Real estate is not a sure thing, as the recent recession has confirmed. As with any investment, due diligence needs to be done to determine if there is a reasonable probability of getting a good return.
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This is not financial or real estate investment advice. Please consult a professional advisor.
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2 comments:
Absolutely agree - but it sure feels good when the rent comes in each month.
I feel real estate is a good way for most people (who can afford it) to generate an additional source of income.
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