Image by: Marcy Twete
Monday, November 18, 2013
Bad Investment...
If you are wondering what some bad investments in the real estate world, you are in the right place as I am going to inform you of a few things that are not worth investing in. Some people think that buying a house and letting it sit thinking it will go up in value is a good investment and that they will eventually sell the house for more than they purchased it for. However, this is not a good investment as they are not making any money anywhere for what they bought it for. That is unless they are renting it out but in this case lets say they aren't. Therefore, it is not a good idea to just buy a house and do nothing with it unless you have a lot of money that you are willing to let go and set for several years before it makes any profit, if any. This would be qualified as a bad investment.
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I looked at a lot of those types of houses when I was trying to find a place last. Houses do not seem to age well.
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