Why We Have To Invest In Real Estate Properties?
Author: admin // Category: General, Properties
Let share the experience here. No matter whether is good or bad experience in properties investment. For me, properties investment is secured, if compare to fixed deposit or unit trust. For example, let say i used my money to buy a house is $10k. The price of the house is $60k. I pay the down-payment for the house is $6k and the other $4k is for legal/lawyer fees. For $54k housing loan, i’ll have to pay monthly installment $280 for 25 years. Then after that, i get rental fee $400/month from my tenant. After 4 year, my house value is already $75k. In this situation, i get an option whether i want to sell the house or refinance it. For me it better i make refinance. Will get extra money from refinance. But remember!!Do not use the money for enjoy. Used it to buy another house / properties.
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