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Real estate
Do you think location plays a major role to determine success of a real estate investment?
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[QUOTE="Mika, post: 237296, member: 29399"] Location plays an important role in determining success in the real estate market. For instance, you will earn more profits by investing in urban property compared to rural property. Even though location determines how much money you can profit from real estate, it is not the only reason for profiting from real estate. There are a lot of things involved. For instance, how much money you have also determines your success. If you have a lot of money and if you have invested in really good property, you will profit more. If you do not have a lot of money and can not invest in good property, how can you profit? Let me exemplify, you will earn more by investing in a 5-year-old house compared to 20 year old house. The commercial value of your property also determines your success. For example, you will earn more profit by investing in a commercial building compared to a residential property. The type of property will also tell you whether you can be successful or not. If you invested in a house or a building, you will earn more compared to your investment in a landed property. Your ability to hold investment also plays an important role. [/QUOTE]
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Do you think location plays a major role to determine success of a real estate investment?
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