Asked by Angela, Columbus, OH • Wed Oct 15, 2008
I'm done crying about my balances tied to wall st. I don't need the money today, anyway. But I have concerns I'll have enough $$ to send my kids to school, and retire. Or, what if the market tanks in the future, when I DO need the $.
Today the economy is an opportunity to buy low and sell high, which would help me long-term. If I had money to invest in the market now, I would! Nowhere to go-but up! So, I think MY only opportunity to take advantage of this economy is with real estate, I can take out a mortgage to invest there.
We want a bigger house, we just didn't want to tighten our belt to do it now. We live in a family neighborhood, there aren't any rentals in our subdivision. I'm wondering if you can rent this type of home? How much would rent be? Our monthly payments=$1300, could I come close with rent? Am I reading the market right? What are the risks? Upsides? My friends think I'm nuts! My dad thinks I'm onto something. Thoughts?
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