Investments in Properties?
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sigfried
Apprentice
Joined: 31 May 2004
Posts: 6
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 Posted: 12/22/07 - 05:19 Post subject: |
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| Hello! Couple of months ago I sold the house which I inherited from my parents. Since then I'm living with my family in a rented place. I have gathered enough money to buy another house but I have some doubts. Should I pay for the house in cash or take a mortgage? This way I could use the money I have in investments in properties. What would be smarter to do? I don't know much about investing in properties so any advice would be more than helpful. |
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corrina
Apprentice
Joined: 03 May 2004
Posts: 15
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| Posted: 01/21/08 - 04:07 Post subject: |
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| This is very delicate situation. Property investment became an increasing attractive option for many people. You can buy some investment property which will allow you to collect rental income from it. There are many property investment events where you can learn almost everything you should know about investments in properties. Before you make a final decision you must gather all the important information’s. If you use a mortgage you have to find out what will be the mortgage interest rate. Also, you will have to know what will be your income from renting the property. If your rental income from your investment in property is larger then your mortgage monthly payment, my advice would be to invest your money in a property. This way you could pay off your mortgage and even earn some extra cash. |
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