Almost all my life I’ve heard people talk about real estate as being an investment. Some thought of it as a personal investment, while others were interested in real estate as a business related investment. It just depended upon who I was talking to and what year it was, as to which form of real estate investment I heard discussed most often.
When I worked in the jewelery trade, with people that had money to invest, real estate was discussed as a way to earn extra income. Whether it was to be in the form of purchasing houses or condos as rental properties, or because of the real estates location.
For me, investing in real estate is personal. I took the steps to purchase a house because I knew I would own something that would grown in value with time. I also invested in property because I wanted to have more space and the freedom to do what I wanted, rather than living by someone else’s rules.
I lived in an apartment for over a decade before we purchased our house. All that time I was paying rent for a space I’d never own. A property that I’d never have a say in how it was run or managed.
If you’ve been considering purchasing a house or condo you might want to use this site to compare mortgage rates. I think it’s always a good idea to find out how much you’ll be able to afford to pay for a mortgage each month and what the current rates are before you start looking for a property.
If I were going to invest in another property I’d likely buy in an area that I’d want to vacation in and one that might also be popular for others to vacation in so that I could rent the property out whenever I didn’t want to use it.
I’m not sure where I’d look for such a property at this time, but I keep hearing about Ashevile Real Estate, and how Asheville is a growing community in the Blue Ridge Mountains area, so I suppose that that might be a great are to look into as far as real estate investing goes.
Have you invested in real estate? If so, was it for personal use, or a business related purchase?
Trying to figure out if that is a pay per post… either way… nice to see you Tricia.
I think real estate is an excellent investment Tricia. Banks and other lenders are eager to lend money for its purchase so it is very easy to obtain near 100% financing. Using “other people’s money” is a great way to build equity with a very low initial cash outlay. However, being a landlord can bring with it, it’s own set of challenges 🙂 Regardless, everyone should explore the possibility of purchasing their own home. Regardless of previous credit history there are often solutions and it really is a special feeling to have those monthly payments go back into your pocket instead of somebody else’s. Take care.