Share on FacebookTweet about this on TwitterEmail this to someone
Share on FacebookTweet about this on TwitterEmail this to someone

On 880 Radio today in a business segment it was stated that the stock market is up 24% since October and that investors should expect things to be bumpy over the next several weeks etc.  The question they asked is where do you put your money in this environment.  They mentioned Warren Buffet as saying he would buy single family distressed homes at todays 4% interest rates and rent them out , gaining good appreciation over time.

 

I would say this is an excellent strategy as long as you do your due diligence and buy correctly, analyze rental income for the area and size of apartment or house, and factor in repairs, periods of vacancy and other costs that could impact cashflow.

 

When you own rental property you at least have some control over your investment  as opposed to having your money subjected to the volatility of the market and politics beyond your control.

Comments:

Join The Discussion



Related Stories
21-unit building in Bushwick sold for $7.5 million, could set the stage for higher prices in Ridgewood
21-unit building in Bushwick sold for $7.5 million, could set the stage for higher prices in Ridgewood
‘We respect our properties’: Whitestone residents voice concerns with long-abandoned house
‘We respect our properties’: Whitestone residents voice concerns with long-abandoned house
Popular Stories
Photo via Twitter/@NYPD111Pct
Police tow 13 illegally parked cars outside of Bayside car dealership in overnight sting
Photo courtesy of NYPD
UPDATE: Cops describe two suspects who broke into six businesses along Bell Boulevard in Bayside
Photo by Anthony Giudice/QNS
Crowley concedes, and Holden wins, the tightest Queens City Council race in many years


Skip to toolbar