Quote:
Originally Posted by Jake
Glad to hear those properties are working out for you! From what I've seen on-line, based on the current asking prices, it looks like you can't go wrong with a lot of the Phoenix area properties.
|
with properties there are a lot of fees/taxes when buying, then you will need to spend to maintain them over the years.... then you need to deal with renters and their bs, if something breaks you need to be there to fix it, unless you get a manager(but that will defeat the purpose).. over a LONG term you should defiantly make money, but let's say you need cash in 5 years (shit happens), you will need to pay alot to sell it, hopefully housing market improves (people been saying housing bottom since two years ago, and now it went even lower), now your houses seen as investment and you will need to pay capital gain tax if you make a profit, etc, etc....