2007-02-14 12:15:22 · 7 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
WHICH SHOULD I BUY???
2007-02-14 12:16:20 · update #1
The car will only lose value however real estate keeps/adds value, if you buty the real estate first eventually you will be able to build on that enough to own several Porsche 911's
2007-02-14 12:19:18 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Well, the practical answer would be the investment property. Some considerations you will have to make are: the total amount you will be spending and how much you will be making once you resell it. With these things considered the property should make you a better return on your money. I would suggest that you list the cost of the investment and any costs associated with it and then the approximate rate you will resell for. Then consider the cost of the Porshe and how quickly it will depreciate.
2007-02-14 20:28:28 · answer #2 · answered by Nicole C 3 · 0⤊ 0⤋
Uh....HELLO?
Of course you should buy the investment property!!!!
Car's don't appreciate in value. They aren't an investment. They're nothing more than a financial liability.
Property increases in value, and if managed properly will bring you positive cash flow. Not to mention the fact that that would be another good thing to have in your portfolio. You can borrow against it in the future, to buy more properties. Or you can sell it in the future for a PROFIT and get YOUR MONEY BACK!
This is such a no-brainer!
2007-02-14 21:37:38 · answer #3 · answered by Chellebelle78 4 · 0⤊ 0⤋
Buy the car. Enjoy it for two or three years, then sell it and buy a foreclosure. Prices will be down a bit in two years because there has been an influx of too many investors into San Antonio in the past year.
A house that you could buy today for $160k (mortgage about $1,600) will rent today for about $1,000 to $1,150 due to the glut of rentals on the market. Many of these have been vacant for several months - with the investor owner making mortgage payments.
2007-02-14 20:39:16 · answer #4 · answered by teran_realtor 7 · 0⤊ 0⤋
The Porsche will cost you money, then depreciate. The property will make money for you.
If you're interested in a long term investment, buy the property.
2007-02-14 20:20:14 · answer #5 · answered by Anonymous · 0⤊ 0⤋
The car will depreciate the minute you drive it off of the lot and only continue to depreciate. Real estate will continue to appreciate.I'd go with the investment property.
2007-02-15 00:53:21 · answer #6 · answered by kelly h 3 · 0⤊ 0⤋
Hmmm lets see...which one are you going to make money on??? Definetly go with the investment property!!!!
2007-02-14 21:29:53 · answer #7 · answered by Ellie 1 · 0⤊ 0⤋