You may be young, but it’s never too soon to be thinking about Real Estate. Let’s take a look at just what Real Estate is.
What is real estate?
Land, houses, condos, town homes, apartment buildings, Business buildings, restaurants, malls, churches, duplexes, schools, hotels.
*Single family homes, multi-housing units & commercial
Why should you purchase real estate?
Real estate can help you to gain purchasing power! If you buy a home and pay your mortgage you will also qualify for other things and you can buy investment real estate in the future that will help you to accumulate
wealth!$$$
What is equity?
The appreciation value of property, for example you pay $100 for a house in November of 2005, in November of 2006 the house property fair market value is $200 you have earned $100 worth of equity.
*appreciation-an increase in value.
Next week will find out how Real Estate can help you make money!