<$Tuesday, January 29, 2008$>
Real estate can still be a great investment.
| I've mentioned that my husband and I are considering buying a duplex so that we can rent one half out while we live in the other. This isn't the first time we've talked about eventually getting into real estate. On our honeymoon, during our stop in Grand Cayman, we loved the place so much that we pretty much made plans then and there to buy a vacation house there someday that we can rent out to tourists when we're not using it. We've even discussed making that our retirement home, but first we need to build enough wealth to retire on. I think it would be great if we could get into the real estate market, especially coastal properties that we can rent out to vacationers. Florida would be a great market for this. So would Wilmington, NC Real Estate. Of course, with the threat of hurricanes, our profits would be undermined by the cost of really good insurance; but considering we live in tornado alley, that's something we're prepared to shell out for no matter what. At any rate, this is definitely something we'll probably end up doing down the line. Labels: disclosure, dreaming, extra income, investing |
