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1) pay off your debt 2) buy a 2 - 4 unit apt. live in 1 unit. rent out the rest. 3) invest in your self (certification/training/mba/etc)
by ecq 17y ago
1) pay off your debt
2) buy a 2 - 4 unit apt. live in 1 unit. rent out the rest.
3) invest in your self (certification/training/mba/etc)
- landlord 17y agoThanks for yours and all the other advice given here. I guess I should have clarified that I am not currently living in the US. I don't have debt and education is free in my country, but unfortunately I'm more into creating web stuff than studying, although I am (very very) slowly getting my masters. Buying a place for my own use doesn't really apply, because it is very likely I will move to another country soon. I noticed there are some nice companies out there holding properties and paying dividends every quarter, for example ADC, GTY and PEI. Can't think of any reason why I would buy an apartment to rent out instead of just buying stock in these companies, considering they seem to be getting better bang for buck for their real estate than I could. Would be nice to find something like this not tied to USD though.
- landlord 17y agoFound non-US real-estate companies. In Nordic stocks, I found Wihlborgs, Klövern and Citycon that each have yield of over 6%. I now feel I will invest in a mix of these instead of buying a single property myself.
- Huppie 17y agoIt's still a lot safer to diversify and not just buy stocks in real estate in your country. Better to diversify it at least a bit by splitting the money e.g. 50% Nordic Real estate 25% European Real estate index 25% US Real estate index (E.g. Vanguards' REIT Index VGSIX) Ps. I am not living in the US either.