RENT OR BUY?
Is It Better To Rent Or Buy A House?
FTMDaily.com – One question that we recieve often is: “Is It Better To Rent Or Buy A House?”
Like most financial questions, the answer greatly depends upon several factors, including:
- Your own personal financial situation and future goals
- How long you plan to live in the home
- How quickly prices and rents are rising in your area
- Your personal investment outlook and risk profile
However, in our current economic environment, the question of whether to rent or buy a house also depends on your location. For example, if you live in a major coastal city like San Francisco or New York City where housing costs are outrageous, buying a house could be extremely cost-prohibitive.
Fortunately, Realtytrac has created the above map to address this important question.
Another good online tool for calculating where it is better to rent or buy a house can be found here.
Over the weekend, a new Gallup poll was released showing that a majority of high-income Americans believe real estate is the best long-term investment.
Meanwhile, mortgage lenders are finally beginning to relax their credit restrictions on prospective homebuyers.
According to the WSJ:
“Mortgage lenders are beginning to ease the restrictive lending standards enacted after the housing boom turned to bust, a sign of their rising confidence in the housing market. While standards remain tight by historical measures, lenders have started to accept lower credit scores and to reduce down-payment requirements.”
Here at FTMDaily, we strongly believe that investing in real estate, when done properly, can be one of the best investment decisions that you will ever make. In fact, a majority of U.S. millionaires expect real estate to be best alternative investment to own this year.
Whether you want to make money from renting houses, wholesaling houses, or buying tax liens, you can learn the basics of real estate investing in our FTMDaily Income University. You can learn more here.
Order now to download this 67 minute online video tutorial and 16 page PDF booklet, both written and produced by Jerry Robinson. This information answers many questions for beginning real estate investors including:
– Why Should You Consider Investing in Rental Real Estate?
– What are the Tax Benefits of Owning Rental Real Estate?
– What is the Easiest Way to Find Good Rental Homes to Buy?
– What Should You Look For in a Rental House and What is the Best Kind of Rental House to Buy?
– How Much Should You Pay For a Rental House?
– How Can You Find Good Tenants?
– How Can You Limit Your Liability as a Real Estate Investor?
In these tough economic times it is vital for individuals to develop multiple streams of income. Investing in rental real estate is often an excellent way to generate additional monthly cash flow. Let economist and investor, Jerry Robinson, share his real-world tips and insights on the basics of investing in rental properties.
Order now for only
$19.95 $9.95! (That’s 50% off the regular price!)
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Inside this Issue
New concept could revolutionize nuclear industry…
The market selloff? That was so last week.
The price of chocolate could soar over the next few years as surging demand puts further pressure on the global cocoa crisis – and experts predict the demand could become unsustainable by 2020.
China’s young urban professionals are now in the driver’s seat…
Talks to merge the world’s largest gold mining companies, Barrick Gold Corp. (ABX) and Newmont Mining Corp. (NEM), broke down April 18 amid minor disagreements that leave open the possibility that a deal could be revived.
All told, 80% of tax filers overpaid on their taxes and received refund checks from the IRS for tax year 2012, with the average refund worth $2,742.
In Puerto Rico, 45 percent of the population lives in poverty, and the unemployment rate is a solid 15 percent.
Another rising and unsettling trend: More strapped consumers are taking pricey cash advance deals
The West now finds itself in the unfamiliar position of looking to Africa for technological inspiration.
Money may not buy love, but it appears to buy years.
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Trade Alert – April 21
One of our holdings, BHI, was up over 3% on Thursday!
U.S. Financial Markets
Real-time Gold and Silver Prices
A federal judge says the Obama administration can keep secret a memo spelling out the legal rationale for a 2011 drone attack in Yemen that killed a U.S. citizen and alleged terrorist mastermind.
Examples include Saudi Arabia, Libya, and Iran…
The historic move risks angering China…
At an estimated cost of $1.23 billion, the Saudi tower will require approximately 5.7 million square feet of concrete, 80,000 tons of steel for its 200 floors and will take five years to complete.
The number of Christians in Communist China is growing so steadily that it by 2030 it could have more churchgoers than America.
Lawmakers from 9 states gather in Utah, discuss ways to take control of federal lands.
Tensions at the site run high during Jewish holidays – Jews are currently celebrating Passover – when Palestinians oppose having Jews try to pray on the compound.
Google added a paragraph to its terms of service as of Monday to tell customers that, yes, it does scan e-mail content for advertising and customized search results, among other reasons.
And make no mistake: These drugs are meant to keep us imprisoned in poor health, not heal us.
ALL Jewish people should leave Ukraine at once, a Holocaust survivor warned last night, after “grotesque” anti-Semitic leaflets were handed out in the country.
Turkey’s Minister of Transport, Maritime and Communication Lüfti Elvan says Turkey may establish a national ‘ttt’ protocol instead of the regularly used ‘www’.
They look beautiful, but they could also save a lot on streetlight power.
How do you say “wow” in Russian?
The Basics of Precious Metals Investing
Broadcast Every Weekend – Hosted by Jerry Robinson
Topic: In this week’s episode, we pause our “Stock Trading Bootcamp” series in order to bring you important information about precious metals investing. You don’t want to miss this episode!
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Read This Week’s Show Notes >>
“A Daily Dose of Financial Wisdom from God’s Word”
“Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”