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Originally Posted by kaktuz
why is a house a bad idea? as u said yourself u buy it and the renters pay for it. and in span of 10 years if u do buy it in a good area and not some shithole u can sell it almost for sure with a high profit.
i know where i live when u buy a land u MUST build on it within 3 years , u cant just leave it like a LAND for a span more then 3 years...
condos imo is SHIT unless u buy them in a trully kick ass area that u can expect them to go way higher.
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Nothing really wrong with homes kaktuz - it's more what choices there may be in where to stuff your money. Will is 100% correct in that if you do buy homes - you have the appreciating land/home value, plus a income/cashflow.
Other option is grab land on it's own which will also increase, but prob have less annual costs, but lack annual income. All depends how much capital gain can be achieved.
Mmmm.. you don't need problems with local laws demanding you build tho
Really need a spreadsheet and a specific project area/proposition to be able to work out the best avenue.