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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Mon, 14 Mar 2005 12:41:36 -0600
/ Author of the message: "Rick Hess" |
Title of the message: |
Re: Buying a second house
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Text of the message: |
"Don" <dwzimm@telus.net> wrote > > I don't believe #4 either. But as to the potential benefits, it seems to me > the really big ones have not been mentioned yet. I would say they are: > > 1. Leverage, leverage, leverage! You can buy a property with a small down > payment and pay for the rest with a large mortgage. Then years down the road > you sell the house for more than you paid for it. Your actual gain is > relative to your down payment, not to the purchase price of the house. This > is not true for stocks and many other investments. > > 2. Tax deductions of mortgage interest and expenses. > > 3. What I think of as "forced savings." I have always tended to let money in > hand slip through my fingers. But having to make those monthly mortgage > payments come what may is a good way to make sure some of your income is > working for the future. Agreed. I'm rather new to this group -- only been reading for a week or so to see |
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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.