Types Of Investments
July 30th, 2005
Question: Best types of investments in real estate?
I would like to know what kinds of investments in real estate are worth it. Condos, Coops, houses, I live in the Bronx, NY, and I would like to invest in my child’s future by putting the money into real estate since it’s so unlikely to lose it there. Please let me know your thoughts.
Thanks a lot
Answer: I’ve been looking at commercial property, as existing tenants (and happy ones) would be paying rent.
You can still lose in real estate, as we’ve seen in the past year; it’s now sweeping across the country in areas previously not that bad. I know many people who either had to take a loss due to losing their jobs or being relocated, etc., because the homes were not selling or are upside down without taking out a second or refying as in the past.
It is a frightening thought right now, as investing in real estate use to be a sure thing. I think most of us lived through that, and yes, made some money. But now, I would think and wait a while longer. Or get repos and invest wisely. But plan on holding the property for a long, long time. And normally what you’ll make money on like a great property with all the amenities, just are not going up in value.
Kudos to looking out for your kid.
Investment Advice : About Types of Investment
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