What do you think about real estate investing?

Ulaanbaatar, Mongolia
July 16, 2022 6:01am CST
What do you think about real estate investing? i think real estate investing is safest and quickest way to build wealth ? if you find the right investment you can grow your equity as your property appreciates and can have great annual cashflow
4 people like this
5 responses
Anna
@LadyDuck (472121)
• Switzerland
16 Jul 22
If you buy to rent and you are lucky enough that the one who rents your home/apartment pays, you have cash flow. IF NOT you have to pay taxes and you get nothing.
Akaninyene Etuk
@akanetuk (2135)
•
16 Jul 22
Yes that is the best investment part of real estate, some people buy renovate and sell off at profitable price.
1 person likes this
Anna
@LadyDuck (472121)
• Switzerland
16 Jul 22
@akanetuk - It costs a lot to renovate here and you pay very high taxes if you sell in a short time with a profit. It's not the best investment.
1 person likes this
Akaninyene Etuk
@akanetuk (2135)
•
17 Jul 22
@LadyDuck I guess the laws and policies in Switzerland is different.
1 person likes this
Adie
@Adie04 (17360)
•
16 Jul 22
I heard some of my friends to do this too. But it's too risky since you need to do maintenance too.
Akaninyene Etuk
@akanetuk (2135)
•
16 Jul 22
If you combine your money with some mortgage then it is fine. Every investment has an element of risk
1 person likes this
Adie
@Adie04 (17360)
•
17 Jul 22
Jim Bauer
@porwest (92743)
• United States
17 Jul 22
Real estate is always a great investment. I was into it years ago but eventually sold it all off—tenants are a nightmare. But I cannot deny people achieve massive wealth with it, done right.
Akaninyene Etuk
@akanetuk (2135)
•
16 Jul 22
People are making it big time in the real estate sector.
M Cheung
@Beestring (14699)
• Hong Kong
16 Jul 22
Investing in real estates is not a sure win. It is a big investment. The value of your property may go up or down.
Akaninyene Etuk
@akanetuk (2135)
•
16 Jul 22
You need the right knowledge to invest in real estate, there are videos on real estate investment on YouTube.