2006-11-09 15:12:30 · 7 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
It all depends on the price you purchase it for. If you purchase 30-40% below market then you can make an instant profit. If you purchase close to market ; you should hold on to it for few years then sell.
2006-11-09 16:40:01 · answer #1 · answered by tianaramal 4 · 2⤊ 0⤋
Every time you buy any investment you're buying from someone who thinks that it's time to sell, in the short term. If they thought it was a good short term investment, they wouldn't be selling, would they?
So, it stands to reason that you're thinking you're smarter than they are, in the short term.
So, how smart can you be asking for advice here?
Generally, real estate is a long term investment. Short term players usually lose.
2006-11-09 23:17:04 · answer #2 · answered by open4one 7 · 1⤊ 1⤋
Real estate is the best investment as of now. it would give you the best and short term benefits. but you must make a survey on land, documentation, future developments near by, and the resources available over there. before investing.
2006-11-10 00:33:17 · answer #3 · answered by SureshkumarYVS from hyderabad 3 · 0⤊ 0⤋
I guess Real Estate could be both a good and a bad investment.
It depends on how much you are willing to pay for the home.
If it's really worth putting a down payment on something.
2006-11-09 23:28:25 · answer #4 · answered by NA 2 · 0⤊ 0⤋
REAL ESTATE IS A GREAT INVESTMENT !!!
BUT YOU MENTIONED SHORT TERM WELL...
THEN GET A FIXER-UPPER FIX IT UP AND RESELL IT FOR PROFIT !!!
GOOD LUCK !!!
2006-11-09 23:21:25 · answer #5 · answered by Anonymous · 1⤊ 0⤋
REAL ESTATE -IS FOR THE LONG HAUL..
UNLESS YOU HAVE INSIDE INFO,,DON'T GET CAUGHT...
2006-11-09 23:20:19 · answer #6 · answered by cork 7 · 1⤊ 0⤋
It can be really good if you can find the right deal.
2006-11-09 23:15:19 · answer #7 · answered by ang 1 · 0⤊ 1⤋