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HomeCredit Forum Money Management And Budgeting

Does any property based investment gives you dwelling along

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CORA



Joined: 19 Jul 2008
CORA's page
Posts: 1



62 Magic Points
Subject: Does any property based investment gives you dwelling along
 
 Posted on Sat Jul 19, 2008 7:15 am  
I want to ask you all available here that is there any actual property based investment which will provide me property (i.e. dwelling basically) along with money in profit. Any help will be grateful.
 
erb1953



Joined: 31 Dec 2007
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Posts: 549



1003 Magic Points
 
 Posted on Sat Jul 19, 2008 11:17 am  
You may want to go to the mortgage forum and ask this type of question, you can access it at the top of the page.
 
goodnatured



Joined: 03 Nov 2007
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Posts: 2331



872 Magic Points
 
 Posted on Sat Jul 19, 2008 11:05 pm  
True, that is a good forum if you need information on mortgage.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
Marios



Joined: 21 Jul 2008
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Posts: 1



44 Magic Points
Subject: Does any property based investment gives you dwelling along
 
 Posted on Mon Jul 21, 2008 5:49 am  
Yes, you can invest your money in real estate as if you purchase a duplex or even an apartment you can reside in it and rest of the property you can give it on rent or lease. That means it will give you double profit, dwelling including rent amount for the real estate purchase. I think it will be a consecrate for you.
 
anthony

anthony

Joined: 31 Jul 2006
anthony's page
Posts: 339



8729 Magic Points
 
 Posted on Mon Jul 21, 2008 8:22 am  
Hi Cora
I agree with Marios. You can invest by purchasing an apartment or a small house and use it both as your dwelling and as an instrument for earning money. You can give a part of your apartment or house as a rent and earn money from there.
_________________
Anthony..

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.
 
fireyone



Joined: 26 Feb 2008
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Posts: 1637



5660 Magic Points
 
 Posted on Wed Jul 30, 2008 12:40 pm  
You see alot of this near beach communities also. They buy a house and divide it into 4 apaprtments. They keep one and reant the other three all year long. I was talking to a guy who did this when we were in OC this year and he made it seem really profitable,
 
erb1953



Joined: 31 Dec 2007
erb1953's page
Posts: 549



1003 Magic Points
 
 Posted on Thu Jul 31, 2008 9:56 am  
I can't even imagine what the taxes are on beach front property along with the house value, ouch!!!!!!!!!!
 
fireyone



Joined: 26 Feb 2008
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Posts: 1637



5660 Magic Points
 
 Posted on Thu Jul 31, 2008 1:05 pm  
On a small house with 4 apartments, not in the best shape but OK, beachside not beach front....$2000 per apartment. I asked.Nosy huh?
 
erb1953



Joined: 31 Dec 2007
erb1953's page
Posts: 549



1003 Magic Points
 
 Posted on Fri Aug 01, 2008 2:50 am  
Is that $2000 an apartment? My god, that guy is probably making a killing, smart cookie, huh.

I guess if you are smart enough to make the right investments, then you reap the rewards for it.
 
goodnatured



Joined: 03 Nov 2007
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Posts: 2331



872 Magic Points
 
 Posted on Mon Aug 04, 2008 9:22 pm  
Cost of living is probably pretty high in that area too, so it would be expensive to live there also.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 1637



5660 Magic Points
 
 Posted on Tue Aug 05, 2008 1:56 am  
It woluld be but if you went across the bay for groceries and stuff you would be alright. their gas prices there are only a couple cents more than ours. I think it would be a wise investment myself if I had 180 grand for one condo. I have seen signs down there this year for condos going upwards of $480 000. I had to laugh cause my brother thought it was for the whole huge condominium complex until I pointed out that it said "per unit". Ideas left his head really quick.
 
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