Skip to main content

Is real estate currently the best form of investment?

We are in route to purchase our 2nd office condo (we bought our first one last year). We live in Texas and given the recent surge we expect businesses to be booming in the upcoming decade. So we figured that now is the time to invest in office condos.

Now, our rationale is that the property you purchase is obviously going to appreciate in value, but in addition in about 5 years or so we should be making a profit from our tenants. We gave our first tenant a lower rent because it was COVID and we would rather offset a few hundred dollars rather than lose the thousands with an empty office.

By the end of this week, we will place our downpayment for our 2nd office condo. We don’t really care about immediate returns. Our whole idea is that in 30-40 years, these properties will become assets for the next generation and its better to put our money to work now rather than just keep a lump sum in the bank.

But I worry sometimes that there might be better investment methods that might yield more profits...does my strategy of purchasing office condos make sense or can I get more bang for buck elsewhere?

submitted by /u/Homelesscat23
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/kmtgxt/is_real_estate_currently_the_best_form_of/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

How to Avoid Property Scams in Delhi?

Here’s What You Should Know! Commercial Real Estate (Non-Residential) Buying a property in Delhi can be tricky, especially with all the stories about scams and shady deals. If you're in the market, here are some tips to keep yourself safe:Double-check the documents: Always verify ownership and approvals. Don’t just take someone’s word for it—look at the actual papers. Do your homework on prices: Compare similar properties to avoid overpaying. A little research can save you from a bad deal. Work with trustworthy people: Whether it's a seller or an agent, go for someone who's transparent about pricing and the process. If they’re dodging questions, that’s a red flag. Ask for reviews or references: If someone you’re dealing with has a good track record, they won’t hesitate to share testimonials or connect you with previous clients. I’ve noticed that some property services have started focusing on things like verified listings and clear communication, which makes the whole proc...