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Real Estate
Reply to "First investment property"
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[quote=Anonymous][quote=Anonymous]OP - the whole premise of the question seems largely missed by most of the answers. Where’s the ROI from investing in real estate? I’m not insistent on buying a rental but clearly many do including several in my own neighborhood in ffx county. Based on the answers that doesn’t make sense to do. [/quote] It could make sense if you can rent your property out for more than your carrying cost. Most mom and pop landlord's are renting out a home they used to live in (like, their one bedroom condo or smaller starter home). Investors who don't plan on living in the property want a profit ASAP. The thing is, even for the mom & pop landlord, it really depends on what their cash flow is on the property. I would bet in most cases, they would have been better off selling and putting money in the market. [/quote]
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