Real estate has its market cycles like any type of investment, and lately it’s been getting bad press. Investors may have second thoughts about putting money in this asset class right now, what with all the talk about a bursting housing bubble, the glut of unsold condominiums and homes, declining property values and the growing number of foreclosures.

“Owning some paid-for, income-producing real estate, in addition to having a solid portfolio of other investments, can be a very good thing,” says radio talk-show host Dave Ramsey, best-selling author of “The Total Money Makeover.” For investors willing to invest for the long term, owning properties “can be a path to financial freedom for many,” says Ramsey.

Single-family homes make good first properties because they don’t entail the same hassles and headaches associated with multi-unit apartment buildings. “Single-family homes, which can be easily turned into rentals, are also much more affordable than, say, multi-family units such as duplexes, triplexes and so on,” says Robert Sheehan, consulting economist for the National Apartment Association.

click here for article

Ready to buy or sell Les Jardins neighborhood community real estate? Consult with licensed agent Caesar Parisi. Caesar has assisted hundreds of buyers and sellers, giving sound advice on how to most effectively buy and sell property.

search for : , , ,