Comments on: Should I buy a house?

By: My Millionaire Mentor 2011 Review

My Millionaire Mentor 2011 Review — Sun, 19 Dec 2010 15:23:16 +0000

Another point to remember is that not all areas of the USA support Supply and Demand in terms of capital appreciation. Real estate is a great investment in areas where population growth is coupled with lack of new home supply or lack of building land.

For example, there are parts of Buffalo NY that havent increased in value in 25 years. In these areas, cashflow strategies have to be used as rents do increase while purchase prices remain constant.

Hope this helps

By: My Millionaire Mentor 2011 Review

My Millionaire Mentor 2011 Review — Sun, 19 Dec 2010 15:17:10 +0000

I feel your pain, and you’re right, you do make your money when you buy. However, we all put logic to one side when it our home and not just a pice of investment real estate.

You could consider re-financing some of your equity to put down as either a downpayment or even full purchase price of some of the “bargains” you see. If bought right, the extra cashflow from the rental would cover any increase in your personal mortgage payments. I think this is a great strategy for anyone with lots of equity that is just sitting there with zero return and could create a nice little nest egg over time.

You can also repeat the process in a few years with the 2 properties to expand further. Sure beats pension plans.

By: Miss Delfavero

Miss Delfavero — Thu, 10 Jun 2010 01:48:13 +0000

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By: Mike Benn

Mike Benn — Thu, 24 Dec 2009 12:18:30 +0000

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By: Gry dla dziewczyn

Gry dla dziewczyn — Thu, 03 Dec 2009 19:00:35 +0000

If you have money and if you really like the house, why not. It’s recession, great time to do some investment

By: PSP Go

PSP Go — Fri, 20 Nov 2009 17:00:21 +0000

A house is certainly a good investment, the mortgage repayments can be an absolute killer though.

By: UK Repossessions Expert

UK Repossessions Expert — Sat, 03 Oct 2009 11:52:04 +0000

Personally I’d hold off to see whether the economy suffers the ‘double bump’. There are key deals going through at the moment which will essentially test the levels of confidence in the business markets. The outcome of such deals will serve as a marker and the markets will act accordingly.

The point is despite much talk of ‘green shoots’ we may not be through the worst yet.

By: high jumping

high jumping — Fri, 15 May 2009 14:34:49 +0000

Hello Guru! what enticed you to post this article? It was extremely interesting, especially since I’ve was searching for opinions on this subject since last week!

By: Earning online

Earning online — Sat, 02 May 2009 04:32:05 +0000

Interesting article. Were did you got all the information from…

By: Money Young Roundup: Armani Suit Edition | Money Young

Money Young Roundup: Armani Suit Edition | Money Young — Mon, 20 Apr 2009 11:03:43 +0000

[...] Should I buy a house? The Almost Millionaire laments not waiting to buy a house.he encourages us to learn from his mistake, and buy low and sell high. [...]