Everything is that price in Florida! I am talking about 1 or 2 bed Condos, or one house for the whole sum, so $120k, I could manage that in Florida easily.
Lol, you haven't been to New York state then? I nearly bought a nice little home in a non-gangland part of Rochester for about $30k in 2007, with the intention that my fiance (now wife) could live there rent free whilst she worked there.
I'm not talking about something off of Desperate Housewives, I'm talking about low end of the market, in any area where drive by shootings aren't a daily occurance.
Basically I am left with Vegas (rentals to UNLV students and occassional non-term time use myself) or Florida (see link, easily manageable, I would use something like that myself).
I am clearly shooting down south, rather than up north, if I could spend $250k then I would be upgrading to something http://www.realtor.com/ bigger here
Basically my wife wants to build equity in something, I own this flat outright (pre-nup too), and we are happy to stay here for 6 years. Six years rent alone for this flat in the UK would be 28000 ($42000) so the intention is to use a large proportion of that saving to put a downpayment on property somewhere. Florida looks to be my best bet (just ask Bill Manning how cheap Florida is!).
I was looking at Spain, where people are having to give away apartments, but interest rates are heading towards unprecedented levels there so I would only buy in 100% cash there. Then there is Turkey, where many Brits are buying right now, but the unrest in that area does concern me, there is a growing fundamentalist element in Turkey which could well rise to the forefront in a decade or so. I could become Sufidreamers neighbour in Greece, but I was hoping for something which would require nothing other than minor cosmetic changes rather than a wholesale renovation, the mid-market in rural Greece doesn't really cater for turnkey buyers, as much as I would love to get a cement mixer and start building walls, I just don't have the luxury of time.
Berlin could be an alternative, where I could get two big flats in an up and coming area for around $150,000, a lot of paperwork and bureacracy though. Bulgaria is another but I would have to be quick, they are fed up with British investors so will be changing their land ownership laws.
I am basically left with Florida or Berlin, or Bulgaria apartments (apartments are long term leasehold, so foreigners will be unaffected by land reforms).
There is of course the UK, where I could just about buy a one bedroom apartment in my county with a $120k budget, but I was hoping for something which provides a potential escape route from the new launch singapore general misery of the UK, albeit a temporary non-working one if outside of http://www.mls.com/ the EU.
Is it really 2016 already? For those of you who happen to be planning on buying a home in the new year -- or even just trying to -- there's a whole lot to celebrate. Why? A variety of financial vectors have dovetailed to make this the perfect storm for home buyers to get out there and make an (winning) offer. Here are six home-buying reasons to be thankful while ringing in the new year:
Reason No. 1: Interest rates are still at record lows
Even though they may creep up at any moment, it's nonetheless a fact that interest rates on home loans are at historic lows, with a 30-year fixed-rate home loan still hovering around 4%.
"Remember 18.5% in the '80s?" asks Tom Postilio
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Benefits of Buying Real Estate in Latin America
If you want a lifestyle change, you should consider buying real estate in another country. Latin American can be a great option for you.Benefits of Buying Real Estate in Europe
Many people now choose to buy property in other countries for their retirement, or just to live there during the summer.The Right Real Estate Company to Find the Right Homes
When it comes to real estate, there are many areas in which you can get overwhelmed. Any time you purchase a home, it is an investment of your time and money, so making sure you do it right can really pay off for you.Why You Should Consider Euro
If you're thinking about investing in real estate to make money, you need to first determine your financial goals. Do you need to make money quickly, invest for your children's college fund, or build wealth for your retirement? Once you determine your financial goals, you need to decide which type of investing strategy works for you.
If you're low on https://www.coldwellbanker.com/ cash, get started by finding a bargain house and selling the contract to another real estate investor. Join a real estate investing club to find investors willing to pay you for finding good deals.
If you want to increase your monthly income, look for income property that returns a positive net income from month to month. Start with single family house. Look for a bargain below market value. Fix up the house to generate top rental income. Find houses that will rent for more than your mortgage payment. You may need to go out from your home area to a location that supports this type of return on your money. You can't pay $300,000 for a home with a mortgage of $1,500 that only rents for $1,000. You http://newlaunch.propertynewssingapore.com/ might start with a home for around $300,000 that rents for $1,750. You will need good credit to get a loan with good interest rates. In a few years, your rental income should go up. Many real estate investors enjoy thousands of dollars each month generated by income property.
However, some investors don't like dealing with tenants and prefer to make money in other real estate ventures.
If you want to make money focusing on profits, investment property offers a different strategy. Instead of worrying about rental income, look for property that you can transform and sell or property that will appreciate significantly over time. Besides fixing a house up, you can transform a property by changing it. For instance, some investors buy apartment buildings and turn them into condominiums. Many investors speculate in land and make money by holding the land until new development in the area increases the value.
Examine your financial situation along with your long term goals. You can get started by flipping properties, move onto income properties, and then make larger profits with investment properties. You might end up using a combination of all three strategies to make money investing in real estate.
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Dear Bruce: I am a baby boomer who's 64 years old. I will be a first-time home buyer next year. Which is the better choice for me, a single family home or private condominium? W.B.
Dear w.b.: There is no clear answer to your question. It depends on what you are looking for.
A single-family home with all of the responsibilities and the privacy is nifty. On the other side of that, if you don't want all that responsibility and would rather have the condominium association take care of the maintenance and upkeep, then you are better off going that route.
There is always a third choice: continuing to rent. At your age, maybe you don't really want the responsibility of ownership. It's your choice. Good luck.
Dear Bruce: My husband and I were intrigued by your recent article about investing $60,000. Our home is paid for, and we have Social Security. Our investments are not great. We have about $60,000 total in our retirement funds. We were wondering what you might suggest to invest in that would bring in $3,000 to $5,000 annually. L.B.
Dear l.b.: I am talking in general terms, and I am not (nor will I be) in the business of recommending specific stocks. I would simply suggest that you invest in good, solid, American companies, ones that have a history of paying a reasonable dividend. Then, with the growth of the stock, which you're going to expect over a period of time, plus dividends, you should easily earn $3,000 to $5,000 on $60,000.
Now, there are no guarantees. There is an amount of risk involved, and the stock might go down, but over a period of time, history tells us that you'll do just fine.
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