2007-01-01 19:03:27 · 10 answers · asked by Adrean c 1 in Business & Finance ➔ Renting & Real Estate
Why not do a little of both? Read up and study as much as you possibly can about investing, make a few moves and go to school also! You can do it, Education is important, there is money in real estate no matter the market conditions. When it is a buyers market you can get the good deals easier simply because it is harder to sell! Then get creative on selling it ie. lease option or rent to own, or hold a contract w/someone..
Just don't be afraid to make a move.
2007-01-01 20:13:16 · answer #1 · answered by camrenalexis2 2 · 0⤊ 0⤋
I keep hearing that it's a buyers market. What that means is that conditions are good for buying a house (not selling it). Of course, I could be hearing wrong, but the point is that it's a market that experiences fluctuations, and if those people are right, then the market is flooded with houses for sale. What happens if you buy a house, fix it up and can't sell it?
College isn't going to get cheaper, and your education can't be foreclosed. It seems that this option holds less risk.
Regardless, make yourself a list of the benefits and drawbacks of each. See which is longer, or which option seems better for you, and discuss it with your family. It's good to have your family's support, whatever you choose.
2007-01-01 19:21:17 · answer #2 · answered by Flaca 3 · 0⤊ 0⤋
If you can do both. I am 20 yrs old I bought a duplex 6 months ago, I am also a college student and I have a job. I'm also looking into buying wholesale and reselling on ebay and such. I just hope something works out for me so I don't have to work hard for the rest of my life. Good luck to ya!
2007-01-01 20:11:03 · answer #3 · answered by Dispirited 2 · 0⤊ 0⤋
Go to college.
Buying and selling houses with the intention of making a profit isn't a great idea - capital gains tax is a b*&!#.
2007-01-01 22:10:53 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Focus on college. Do the investing on the side if you have the time and money.
College sets you up for the future. Real estate investing can be effected by the whims of the economy, markets and interest rates, non of which you have any control over.
2007-01-02 04:40:47 · answer #5 · answered by txrealestateagent 3 · 0⤊ 0⤋
Education is better investment than a flat these days. Although market is picking up but don't forget interest rate also go up.
What if you cannot sell the house and you have to bear with all the debt. and interest payment etc etc ...
Good Luck
2007-01-01 19:16:58 · answer #6 · answered by Anonymous · 0⤊ 0⤋
1. Have a hard time accepting compliments (still working on that) 2. I don't tell friends when I am angry with them 3. I secretly get jealous sometimes
2016-05-23 05:28:25 · answer #7 · answered by Anonymous · 0⤊ 0⤋
I knew one guy who was successful at real estate, and I asked him what made him successful. He said, "Getting a degree in finance." So, you can do the first and have it lead to the second.
2007-01-01 19:18:35 · answer #8 · answered by Katherine W 7 · 0⤊ 0⤋
DEPENDS ON YOUR CIRCUMSTANCES HOW YOU SET FINANCIALLY HOW SERIOUS IS THE NEED AND LOOK AT THE WHOLE PICTURE WHICH WILL BE MORE BENEFICIAL TO YOU IN THE LONG RUN LOOK AT THE BIG PICTURE
EDUCATION IS ALWAYS BEST HOWEVER YOU CAN ALWAYS GO TO SCHOOL YOU HAVE TO WAY THE DIFFERENCES ACCORDING TO YOUR LIFE REALLY NO ONE CAN ANSWER THIS BUT YOU I HOPE THIS IS HELPFUL
2007-01-01 19:10:34 · answer #9 · answered by bonestra 2 · 0⤊ 0⤋
college is a much better idea.
2007-01-01 19:06:40 · answer #10 · answered by dana5169 7 · 0⤊ 0⤋