Yes because the rate of the land is too high these days. It's difficult for people to buy a house for themselves.
What do you think about investing in real estate
- Thread starter cherry123
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Yes because the rate of the land is too high these days. It's difficult for people to buy a house for themselves.
That's true. It is very expensive to buy a house these days.
I don't know how my father was able to buy two houses in his time. He didn't have a good salary. Maybe he didn't spend his money as we do.
Yes, it seems that he was careful with his money and he did not spend it carelessly. I wish we were as careful as your father because we would be able to have our own house.
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- #25
Sure you would needing money to invest. I hope I can someday because I need a home of my owner
I agree with you. It is nice to have your own home.
There are many advantages if you invest in real estate, such as real estate prices never fall, and prices always rise every year, protecting the value of your assets from inflation. Of course you can make passive income by getting rent, but it's better for you to choose the type of residential property or shop property.
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- #28
Sute and you would be saying a big bye-bye to payment of rentI agree with you. It is nice to have your own home.
You don't have to wait long for your savings to be enough to buy real estate with cash, but you can buy residential properties with 5 to 10 year mortgages with easy installments.
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- #31
Yeah it is to find out how the mortgage works here in my location I wouldn't mind starting from there
I always tell people that a truly rich person must have landed properties. If you think you are rich and you don't have land, you are not truly rich. It is important to earn passively from real estate.
When we don't have enough money to buy a property at a real estate agent or developer, then if we buy by way of a mortgage, we are basically loaned by a bank or financial institution with a guarantee for the residential property we are buying. After we pay a down payment (about 10% to 20% of the selling price of the property). we have the right to occupy the property, while paying installments every month according to the agreement, until it is paid off and we will get a property ownership letter. But if in the middle of the trip we fail to pay for the installments, the property will be confiscated by the bank and auctioned off.
Do your research on it and determine if it is right for you. It is actually a goldmine.
Well said and they can afford to invest in Real estate for longer duration for longer duration to make big
It's a very lucrative business where I stay and it gives passive income. The risks are high though of you are new and you don't get someone to guide you, as you can fall prey to scammers.
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- #38
This is one investment opportunity I'm bidding my time on. I just need an avenue to get it right with me.
Yesh real estate is a secure investment that one can start with something substantial but it comes with high profit when you run it well. you just have to do better
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Yesh real estate is a secure investment that one can start with something substantial but it comes with high profit when you run it well. you just have to do better
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