|
REPORT ABUSIVE REPLY
|
|
Message Subject
|
What to do when inflation rages
|
|
Poster Handle
|
darth |
|
Post Content
|
RE is a haven for the middle class or small investor who simply wants to protect his hard earned savings. Don't lose your principal even if you don't make great returns for a while. And usually, you can purchase it with a small down payment or even owner financing.
Quoting: darth While I agree with most of what you said, real estate is just out of range for many of us middle class people when a house goes for $450,000+ Look farther out. In Texas the state has Texas Vets Land Loans. I found 177 acres in the Panhandle for $149,000. It had CRP money coming in as well as some rental from an oil company storing property in an old cotton gin there. The total cost of ownership after taxes was about $2,000/year. Use realtor.com or zillow.com and put parameters on the search for cheaper properties. I was looking for a bugout place for a GLP member a year ago. Found a number of properties in Texas for under $15K. I hope you can find something.
|
|
|
Please verify you're human:
|
|
|
Reason for reporting:
|
