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Real estate
Is investing in real estate worth it?
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[QUOTE="Jasmine, post: 258035, member: 49159"] In order to invest in real estate you need hundreds of thousands dollars. In my home country, you will have to spend at least $200K to buy a residential property. When you rent out this property you can earn around $500 per month. If you bought the property with your own money, making $500 income without any work can be considered fine but if you bought the property through a bank loan you might have to pay about $500 as loan repayment installment. So, basically you are not making any profits. If you wait for 15-20 years to pay back your entire loan, you might sell your property and recover your investment but the price will go down because of depreciation. Therefore, practically speaking, you don't make profits. In order to benefit from real estate investment, you will have to buy an d sell properties, this will help you make quick bucks. [/QUOTE]
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