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To: Abigail Adams
The second house can be a rental or they can move-in and rent out the first house.

If you put 50,000 in the market and it goes up 10% you make 5,000. If you put 50,000 into a 500,000 home and it goes up 10% you make 50,000.

RE is a good longterm investment for many people. With the rent and tax deductions creating a positive cash flow it's a double pay off.

We are financial planner. You have to proceed with caution. One paragraph from some guy or gal on the net does not constitute good advice. There are many variables and it should fit your situation.

Talk to someone you trust who can show you their success or that of their clients.

41 posted on 01/30/2008 5:20:18 PM PST by purpleraine
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To: purpleraine
If you put 50,000 in the market and it goes up 10% you make 5,000. If you put 50,000 into a 500,000 home and it goes up 10% you make 50,000.

You would gross $5K on the $50K infusion, and would gross $55K total.

48 posted on 01/30/2008 5:58:34 PM PST by EVO X
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