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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Sun, 13 Mar 2005 00:49:41 -0600
/ Author of the message: "John A. Weeks III" |
Title of the message: |
Re: Buying a second house
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Text of the message: |
In article <00JYd.22630$i6.13920@edtnps90>, "Don" <dwzimm@telus.net> wrote: > Yes, all those things could happen, but the real question is how often do > they actually happen. Happening just once can be a disaster if you are not prepared for it financially. > Those dangers are present in any rental situation, so > what you seem to be saying is that people should not invest in rental > property at all. People should go into the landlord business knowing what they are getting into. In any case, being a long-distance landlord is a very bad idea, especially for a newbie. Many people have the idea of keeping one house when moving and buying a new house, but in most cases, it makes far more economic sense to sell the first house. That goes double if the house is worth more than what it can be rented out for. -john- -- ====================================================================== |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.