What are your thoughts on property investment
I very much believe in it, but only if it's done correctly. The upside is great, but the downside is that it takes more effort to learn about it and people tend to get more emotional about real estate than other investments and it reduces their effectiveness.
That being said, I'm in the US, so ymmv when investing in other countries. And some (like China, Canada, and AUS) are outright blacklisted in my mind since they're in heavy bubble territory.
>>1231624
It's a meme
>>1231624
Depreciating asset for most with huge expenses
Move to Africa and invest in human property.
>>1231931
>depreciating asset
>property investment
>>1231937
It's true.
Massive timesucks
Huge money pits
Unexpected large expenses
Lots of folks just breaking even when factoring in all day time laboring.
Folks that aren't good with a hammer and repairs often lose money or break even.
Investment properties are indeed a meme for most.
>>1231937
>He thinks property values can never decline
The way to do it is move to small, once rural developing towns and buy land several miles out and build houses on it. When the expansion gets to that part, your property value will skyrocket.
>>1231960
>The way to do it is move to small, once rural developing towns and buy land several miles out and build houses on it. If the expansion gets to that part, your property value will skyrocket.
FTFY
>>1231960
Hello speculation.
Cya again anywhere between 5-30 years from today.
Which reminds me, "invest" in oil too
>>1231980
Still speculation. Research opportunity cost.
everyone in this thread is retarded.
Buy >100k houses.
Put 20% down
Pay 10 - 15k in repairs.
Aim to make 500 a month. 6k a year.
Buy multiple properties 1 or 2 isn't going to do shit. Buy like 20.
If you want it to be completely passive get a property manager. pay him 10%.
Snowball the mortgages. Work on paying off as many mortgages as possible. a paid off mortgage frees up 400 - 600 a month and it increases your net worth.
You need to shop around to find 100k properties that are nice. I reccomend looking around universities because students use the government/ parents to pay rent and there will be virtually no chasing for rent. I use a property manager for my 35 properties. I aim for 120 houses in the next 10 years. When you pay off a mortgage that 6k a year turns into 8 - 9k a year plus you can raise rent to hearts content. It is a very nice investment IMO
>>1231624
I think the property market at the moment is grossly over valued - at least thats what the analysts are saying.
Wait until the prices drop during a recession.
Half of Vancouver residents are millionaires because they bought cheap 20 years ago and now, as you probs know, the houses are extortionate.
But in theory with an increasing population, housing should appreciate in value. Though to really understand topics like this you really need a PhD in Economics or similar
>>1232001
How did you start and what are your profits like if you dont mine me asking
>>1232001
where the fuck do you live that you can get a nice property near a university for 100k?
>>1233260
>nice property
m8 . use ur head
>>1231960
This has to be like the worst way to do it.
