lasvegasinvestment
New Member
Cash: $ 0.50
Posts: 6
Joined: 15 Nov 2005
Location: Las Vegas
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How many of you are turning a profit on an investment property as a traditional rental? How many of you turning that profit bought the house in the last 3 years?
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Thu Nov 17, 2005 4:17 pm |
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cangiz
Member
Cash: $ 0.35
Posts: 11
Joined: 13 Aug 2005
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I bought a house in Canada 5 years ago for $450 000(Canadian dollars). Today that house has an incredible value of $940 000(Canadian Dollars), and it is still growing! The are was quiet, and now, it has delevoped unbelievably! It was the best move I ever made! My father said I should not buy it, but I did, and now I am very happy!
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Mon Nov 21, 2005 12:00 am |
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bong12187
Preferred Member
Cash: $ 24.50
Posts: 120
Joined: 31 Jul 2005
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quote:
Originally posted by cangiz
I bought a house in Canada 5 years ago for $450 000(Canadian dollars). Today that house has an incredible value of $940 000(Canadian Dollars), and it is still growing! The are was quiet, and now, it has delevoped unbelievably! It was the best move I ever made! My father said I should not buy it, but I did, and now I am very happy!
Hello Cangiz, I applaud you for getting an appreciation of almot 500k on your house. However, i just want to point out that appreciation is not really a profit in an investment sense of way. Many people believe that because their house appreciated in so much $, they attribute them as investment profit. Profit is derive when you get something back from your investment. In the case of home appreciation, until such time that a refinancing or selling the house take place, there really is no profit being made except intrinsically. I just want to point that out for many people associate appreciation with profits. They are used differently by real estate investors... 
B
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Tue Jan 10, 2006 9:14 pm |
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